APR Energy PLC Renewal of 300MW Uruguay contracts (6572W)
11 November 2014 - 8:01AM
UK Regulatory
TIDMAPR
RNS Number : 6572W
APR Energy PLC
11 November 2014
11 November 2014
Renewal of 300MW Uruguay contracts
Record contract renewals of 1,754MW year to date
APR Energy plc (LSE: APR), a global leader in fast-track power
solutions, today announces that it has signed an extension for its
300MW of contracts in Uruguay, to run through the end of the second
quarter, 2015.
The extension adds to APR Energy's record 1,754MW of contract
renewals for the year - a success rate of over 90%.
As part of the renewal, the Group has agreed to grant the
customer an option to buy two of its turbines located at the plant
site. The transfer of assets would occur post the end of the
extended contract.
APR Energy has been in Uruguay serving its customer, Usinas y
Trasmisiones Eléctricas (UTE), since 2012. The Group's two plants
feature low emission, mobile gas turbines and provide a
complementary solution to offset the country's dependency on
hydroelectric power.
Laurence Anderson, Chief Executive Officer said, "Our Uruguay
extension is another example of our continued success in driving
contract renewals this year, reflecting the high level of loyalty
we have with our customers, the ongoing demand for electricity in
the markets we serve and the inherent longevity of the solutions we
provide."
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
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