APR.L Regulatory News (APR)

APR Energy Signs Two-Year, 35MW Contractfor New Power Generation in Botswana

APR Energy announced today that it has signed a contract with the Botswana Power Corporation (BPC), the national electric utility, to provide 35MW of new power generation for a two-year term.

APR Energy will install and operate the fast-track, turnkey power plant adjacent to BPC's existing 70MW generating facility outside of Francistown, Botswana's second-largest city. APR Energy expects to commission the plant in the third quarter of 2015. The power plant will feature diesel power modules that have been redeployed from APR Energy's former project in Libya.

The contract builds on a relationship that began in 2009 when APR Energy first developed a 70MW solution for the utility to supplement electricity being imported from neighboring countries. At the time it was installed, APR Energy's Francistown project was the largest temporary power station of its kind to be implemented within the Southern African Power Pool. APR Energy sold the power plant facility to BPC in 2014. The 35MW project adds generation capacity to improve BPC's ability to provide reliable power to domestic industrial customers.

"We are honored to have been selected again by BPC, as it is a reflection of our commitment to operational excellence and BPC's satisfaction with the services we have provided during our years working together," said APR Energy Chief Executive Officer Laurence Anderson. "We are pleased that this project will redeploy fleet from our Libya project, allowing us to put those assets back to work."

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About APR Energy

APR Energy is the world's leading fast-track mobile turbine power business. We provide large-scale, fast-track power, providing customers with rapid access to reliable electricity when and where they need it. APR combines state-of-the-art, fuel-efficient technology with industry-leading expertise to provide turnkey power plants that are rapidly deployed, customisable and scalable. Serving both utility and industrial segments, APR Energy provides power generation solutions to customers and communities around the world, with an emphasis on Africa, the Americas, Asia-Pacific and the Middle East. 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.