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3W Power S.A. today announced it has suspended the decision on paying the 9.25% coupon on its €100 million corporate bond (ISIN DE000A1A29T7, 3W9A) until after the second bondholder meeting which will be called for December 18, 2013 in Frankfurt am Main, Germany.
3W Power SA today reports its interim management statement for Q3 2013, providing unaudited operating results for Q3 2013. Order intake in Q3 2013 was €58.0 million (Solar €9.7 million, POC €4.3 million and EES €44.1 million), down 36.8% year-on-year (Q3 2012: €91.8 million) and down 12.2% compared to the prior quarter (Q2 2013: €66.1 million). Order backlog in Q3 2013 was €104.0 million (Solar €12.1 million, POC €4.9 million and EES €87.0 million), down 25.4% year-on-year (Q3 2012: €139.3 million), but up by 7.4% compared to the prior quarter (Q2 2013: €96.8 million).
AEG Power Solutions have been awarded a five year global framework agreement with BP to supply IEC compliant AC & DC UPS Systems for BP's Global Projects Organisation. This framework agreement enables BP’s Global project teams (including their EPMS/EPC contractors) to access AEG Power Solutions international resources to supply IEC AC & DC UPS Systems.
Located in Bikaner (Rajasthan); the 5.83 MWp project is equipped with high efficiency crystalline modules and connected to a 33 kV grid. The scope of the contract covered design engineering procurements installation and commissioning by AEG PS team. On the balance of systems AEGPS Protect PV.630 inverters supported by skytron® energy monitoring solutions were used. The project is executed under the REC (Renewable Energy Certificate scheme).
