APR Energy PLC New 40MW mobile gas turbine contract in Angola (8689U)
06 Dezember 2013 - 8:01AM
UK Regulatory
TIDMAPR
RNS Number : 8689U
APR Energy PLC
06 December 2013
6 December 2013
APR Energy plc
New 40MW mobile gas turbine contract in Angola
First APR Energy mobile gas turbine project in sub-Saharan
Africa
-- New twelve-month contract in Angola, using two of the
non-contracted GE mobile gas turbines acquired through the
acquisition of GE's power rental business
-- First APR Energy GE mobile turbine deal following announcement of the strategic alliance
with GE
-- Brings APR Energy's total footprint in Angola to 80MW
APR Energy plc (LSE: APR), a global leader in fast-track power
solutions, today announces it has signed a new contract to provide
fast-track power in Angola. Featuring GE mobile gas turbines, the
deal represents APR's first turbine project in sub-Saharan Africa,
and quickly follows the GE strategic alliance announced in October.
The contract will bring APR's total footprint in Angola to 80MW,
and supplements the existing 40MW contract for diesel power
modules, which was announced this week to renew for another
twelve-month period.
The new twelve-month contract in Angola, providing APR Energy's
full turnkey solution, will utilise two of the four non-contracted
mobile gas turbines acquired as part of APR Energy's recent
acquisition of GE's power rental business in October of this year.
Pricing on the contract is consistent with APR Energy's historic
pricing and margin levels. The plant is expected to begin
operations in early 2014.
Commenting on the announcement, John Campion, APR Energy's Chief
Executive Officer said:
"Today's announcement of our first mobile turbine deal in
sub-Saharan Africa is further endorsement of our strategy and the
rapidly expanding appeal of mobile gas turbine technology for both
developed and developing markets. Our strategic alliance with GE is
already paying dividends, as demonstrated with this new GE turbine
win in Angola and our recently-announced contract extension in the
US Virgin Islands. We are confident that our strategy remains well
placed to meet customer needs, delivering enhanced services and
turnkey solutions, while securing high utilisation rates and strong
pricing."
Enquiries:
APR Energy plc
Karen Menzel +44 (0) 777 590 6076
Capital MSL
Richard Campbell +44 (0) 20 3219 8800 / +44 (0) 7775 784 933
Ian Brown +44 (0) 20 3219 8817 / +44 (0) 7908 251 123
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, customizable, 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
This information is provided by RNS
The company news service from the London Stock Exchange
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