Less Ads, More Data, More Tools Register for FREE

Pin to quick picksAPR.L Regulatory News (APR)

  • There is currently no data for APR

Statement re TEPCO contract

1 Feb 2012 07:00

RNS Number : 5518W
APR Energy PLC
01 February 2012
 



For Immediate Release 1 February 2012

 

 

APR Energy plc ("APR Energy")

 

Statement on TEPCO contract. No change to market guidance.

 

APR Energy announces that, due to a change in its strategy, the Tokyo Electric Power Company ("TEPCO") has given notice that it will terminate part of its contract with APR Energy effective March 31, 2012, four months earlier than the originally scheduled termination date of July 31, 2012.

The partial contract termination applies only to the APR installation at the Hitachinaka power station, which comprises 83MW of diesel generators and 50MW of gas turbines. It does not affect the 70MW of APR gas turbines that remain in operation at the Yokosuka site.

Existing contract provisions related to early termination provide for payment of a substantial portion of the remaining rental fees to APR, so that any impact on APR Energy's revenues this year would be marginal.

APR Energy maintains a robust commercial pipeline and is confident of its ability to deploy the MW capacity in other opportunities. In addition, the phased roll-off of the TEPCO contract will enable more efficient asset utilisation.

APR Energy, therefore, remains confident it will deliver financial performance for the 2012 financial year in line with its previous expectations.

 Enquiries:

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

Anthony Carlisle + 44 (0) 7973 611 888

Lydia-Claire Halliday + 44 (0) 7866 617 671

 

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.

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
STRUAUURUVAAOUR
Date   Source Headline
29th Jan 20167:00 amRNSAPR Energy PLC Offer Closing
26th Jan 20167:00 amRNSDirectorate Change
22nd Jan 20161:34 pmRNSDirectorate Change
21st Jan 20167:00 amRNSHolding(s) in Company
18th Jan 20167:00 amRNSCompulsory Acqn of Shares - APR Energy PLC
18th Jan 20167:00 amRNSHolding(s) in Company
15th Jan 20167:00 amRNSHolding(s) in Company
15th Jan 20167:00 amRNSApplication for Delisting
14th Jan 20167:00 amRNSHolding(s) in Company
14th Jan 20167:00 amRNSHolding(s) in Company
12th Jan 20167:00 amRNSHolding(s) in Company
11th Jan 20161:29 pmRNSHolding(s) in Company
8th Jan 20164:46 pmRNSHolding(s) in Company
8th Jan 20167:01 amRNSHolding(s) in Company
8th Jan 20167:00 amRNSDirector/PDMR Shareholding
6th Jan 20167:00 amRNSForm 8.3 - APR Energy PLC
4th Jan 20164:41 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
4th Jan 20162:28 pmRNSForm 8.3 -APR Energy PLC
4th Jan 20161:48 pmRNSForm 8.3 - APR Energy PLC
4th Jan 201612:10 pmRNSResult of General Meeting
4th Jan 201610:59 amBUSForm 8.5 - APR ENERGY PLC
4th Jan 20167:00 amRNSForm 8.3 - APR ENERGY PLC ORD 10P
31st Dec 201511:15 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLCA
31st Dec 201510:22 amRNSForm 8.3 - [APR ENERGY PLC]
30th Dec 20155:40 pmBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC - AMENDMENT TO SALES
30th Dec 20152:19 pmRNSForm 8.3 - APR Energy PLC
30th Dec 201511:24 amBUSForm 8.5 - APR ENERGY PLC
30th Dec 201510:40 amRNSForm 8.3 - [APR ENERGY PLC]
29th Dec 201512:32 pmRNSForm 8.3 - [APR ENERGY PLC]
29th Dec 201512:14 pmBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
29th Dec 20157:00 amRNSForm 8.3 - APR ENERGY PLC ORD 10P
29th Dec 20157:00 amRNSForm 8.3 - APR ENERGY PLC ORD 10P
24th Dec 201511:11 amBUSFORM 8.5 (EPT/NON-RI) - APR ENERGY PLC
24th Dec 20159:36 amRNSForm 8.3 - [APR Energy Plc]
23rd Dec 20154:39 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
23rd Dec 20153:47 pmRNSForm 8.3 - APR Energy PLC
23rd Dec 20152:36 pmRNSForm 8.3 - [APR ENERGY PLC]
23rd Dec 201511:28 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
22nd Dec 20154:45 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
22nd Dec 201512:35 pmRNSForm 8.3 - [APR ENERGY PLC]
22nd Dec 201511:33 amBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
21st Dec 20155:20 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
21st Dec 201512:00 pmBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
18th Dec 20154:57 pmBUSForm 8.5 (EPT/NON-RI)- APR ENERGY PLC - Amendment
18th Dec 20154:25 pmBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC - AMENDMENT
18th Dec 20154:21 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
18th Dec 201512:28 pmBUSForm 8.5 (EPT/NON-RI) - APR ENERGY PLC
17th Dec 20154:45 pmRNSForm 8.3 - APR ENERGY PLC ORD 10P
17th Dec 201512:58 pmBUSFORM 8.5 (EPT/NON-RI) - APR ENERGY PLC
17th Dec 20157:00 amRNSOffer Update

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.