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2 Jul 2015 07:00
2 July 2015
APR Energy Signs New Contract to Supply Gas Turbine Powerfor Egyptian Industrial Plant
APR Energy plc, a global leader in fast-track power solutions, today announces that it has signed a contract to provide a gas turbine power plant for an industrial customer in Egypt. The project, which is for a minimum of 12 months, has an estimated value exceeding $30 million.
APR Energy's plant will feature three GE aeroderivative mobile turbines that will run on clean-burning natural gas. The plant is expected to begin generation by Q1 2016.
"Our contract in Egypt is the result of many months of work and gives us a foothold in one of the largest markets in the region, supporting one of the country's most strategic industrial investments," said Laurence Anderson, APR Energy Chief Executive Officer.
Executive Chairman John Campion added, "The project builds upon our experience in the industrial space, diversifying our customer base and complementing the strong success that we have had in the utility segment."
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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.
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