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Contract Win

15 Mar 2013 07:00

RNS Number : 0709A
APR Energy PLC
15 March 2013
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For Immediate Release Friday 15 March, 2013

APR Energy plc ("APR Energy")

APR Energy Announces New 250MW Contract in Libya.

APR Energy, a global leader in fast-track power, today announces that it has signed a new 250MW contract in Libya to provide a turnkey power solution. This represents the largest contract in APR Energy's history, and one of the largest single temporary power contracts ever to be signed. The initial term of the contract will run into mid-2014.

The power solution, which showcases APR Energy's highly mobile, dual-fuel turbines, will help cover anticipated power demand during the critical summer high-heat season, as well as provide interim power while the country continues to rebuild and improve its infrastructure.

This brings APR Energy's total new contract wins and contract renewals this year to 361MW. The current order book (backlog of business) stands at over 14,651 MW-months, up 26% from 31 Dec 2012.

John Campion, CEO said, "We are honoured to serve as a partner to Libya as it rebuilds and develops its new economy. This project is ground breaking for the country in terms of both scale and scope. The Libya contract, together with our two recent wins totalling 300MW in Uruguay, aligns with APR Energy's strategy to focus on large-scale power projects. For such projects, we strongly believe that mobile dual-fuel turbines are the best fit and the customer technology of choice."

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Enquiries:

APR Energy +44 (0) 203 427 3747

Brian Gallagher +44 (0) 777 590 6076

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Citigate Dewe Rogerson Consultancy + 44 (0) 20 7638 9571

Anthony Carlisle + 44 (0) 7973 611 888

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About APR Energy

APR Energy specialises in the sale of reliable and efficient electricity through the rapid deployment of customised turnkey power solutions globally. APR's power generation solutions, coupled with comprehensive operation and maintenance services and flexible commercial terms, have established APR as a leader in the utility and industrial segments. APR Energy provides power generation solutions to customers and communities around the world, with an emphasis in Africa, South America, Central America and Asia. In addition to its business of providing these world-class power solutions, APR Energy also implements philanthropic projects at each plant location through its Community Development Programme, which aims to build and maintain close relationships with its neighbours through projects and donations in health and education.

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This information is provided by RNS
The company news service from the London Stock Exchange
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