APR Apr Energy

TIDMAPR

RNS Number : 4350I

APR Energy PLC

09 December 2015

9 December 2015

APR Energy Signs Contract Extensions in Iraq, Angola

APR Energy (LSE: APR) or ("the Company"), a global leader in fast-track power solutions, announces today that it has signed extensions of its power generation contracts in Iraq and Angola.

The Company's contract extension in Iraq is for a one-year term, and runs through 2016. The power plant has been in operation since 2012 and comprises six GE TM2500 mobile gas turbines. APR Energy acquired the plant in 2013 as part of its acquisition of GE's power rental business. Located in Basra, in the southernmost part of the country, the gas-fired power plant provides reliable base load power and grid stability to the population of the Basra province, as well as supporting oil and gas, petrochemical and agricultural industries.

In Angola, Africa's third-largest economy, the Company has signed a six-month contract extension to provide 40MW of power at the Rocha Pinto site near Angola's capital of Luanda. As part of the extension, the customer has reaffirmed its commitment to fulfil all past, present and future financial obligations. When initially signed in 2013, the contract with Angola's state-owned utility Rede Nacional de Transporte represented APR Energy's first mobile gas turbine project in sub-Saharan Africa. APR Energy also operates a second 40MW facility at the Morro Bento site near Luanda.

"We are pleased to continue our relationships with these important long-term customers," said Chief Executive Officer Laurence Anderson. "Extensions and renewals are an important part of our business strategy, and they are the result of our strong commitment to operational excellence and customer service."

Ends

Enquiries:

APR Energy plc

   Lee Munro (investors)                 + 1 904 404 4576 
   Manisha Patel (investors)            + 1 904 517 5135 
   Alan Chapple (media)                 + 1 904 223 2277 

CNC Communications

   Nick Bastin                               +44 (0) 20 3219 8814 / +44 (0) 7931 500 066 
   Michael Kinirons                        +44 (0) 20 3219 8803 / +44 (0) 7827 925 090 

About APR Energy

APR Energy is the world's leading provider of fast-track mobile turbine power. Our fast, flexible and full-service power solutions provide customers with rapid access to reliable electricity when and where they need it, for as long as they need it. Combining state-of-the-art, fuel-efficient technology with industry-leading expertise, our scalable turnkey plants help run cities, countries and industries around the world, in both developed and developing markets. For more information, visit the Company's website at www.aprenergy.com.

Certain statements included in this announcement constitute, or may constitute, forward-looking statements. Any statement in this announcement that is not a statement of historical fact (including, without limitation, statements regarding the Company's future expectations, operations, financial performance, financial condition and business) is or may be a forward-looking statement. Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected or implied in any forward-looking statement. These risks and uncertainties include, among other factors, changing economic, financial, business or other market conditions. Although any such forward-looking statements reflect knowledge and information available at the date of this announcement, reliance should not be placed on them. Without limitation to the foregoing, nothing in this announcement should be construed as a profit forecast.

This information is provided by RNS

The company news service from the London Stock Exchange

END

CNTEAFAPESKSFAF

(END) Dow Jones Newswires

December 09, 2015 02:00 ET (07:00 GMT)

Apr Energy (LSE:APR)
Gráfica de Acción Histórica
De May 2024 a Jun 2024

Apr Energy (LSE:APR)
Gráfica de Acción Histórica
De Jun 2023 a Jun 2024