APR Energy PLC Update on Libya (4536W)
07 November 2014 - 12:00PM
UK Regulatory
TIDMAPR
RNS Number : 4536W
APR Energy PLC
07 November 2014
7 November 2014
Update on Libya
APR Energy plc (LSE: APR), a global leader in fast-track power
solutions, today advises that post market close on 5 November 2014,
it has temporarily suspended electricity generation in Libya while
necessary paperwork is completed through the Libyan parliamentary
review process.
As announced on 29 July 2014, the Group was formally awarded an
extension by its customer, GECOL, for its 450MW Libyan contract,
taking the term through the first quarter of 2015. The Group is in
the final stages of a multi-step confirmation process for the
signed contract addendum, but has experienced continued delays in
the final parliamentary review process.
APR Energy continues to have a good relationship with its
customer, GECOL, which is working to help expedite completion of
the necessary paperwork reviews and confirmation.
The Group's plants remain on standby to begin dispatching power
at normal contracted levels as soon as the matter is resolved.
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
Richard Gotla +44 (0) 20 3219 8819 / +44 (0) 7904 122 207
About APR Energy
APR Energy is a global leader in large-scale, fast-track power
solutions, 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.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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