APR Energy PLC Renewal of Iraq contract (1788F)
18 Februar 2015 - 8:01AM
UK Regulatory
TIDMAPR
RNS Number : 1788F
APR Energy PLC
18 February 2015
18 February 2015
APR Energy renews six-turbine power contract in Iraq
APR Energy, the global leader in large scale, fast-track power
solutions, announces today that it has signed a contract renewal
for its power generation contract in Iraq, taking the term through
the end of 2015.
The power plant has been in operation since 2012 and comprises
six GE TM2500 mobile gas turbines capable of generating more than
120MW of electricity. APR Energy acquired the plant in 2013 as part
of its acquisition of GE's power rental business. Located in Basra,
in the southernmost part of the country, the gas-fired power plant
provides reliable base load power and grid stability to the
population of the Basra province, as well as supporting oil and
gas, petrochemical and agricultural industries.
Commenting on the contract renewal, APR Energy's Managing
Director for Europe, Middle East and Africa, Ranjit Singh said,
"Our fast-track solution is providing Basra residents and
industries with reliable power, helping to fill critical needs and
supporting economic and social stability. Mobile turbine technology
helps stabilise the grid, uses approximately a third of the space
required by a mobile reciprocating engine site and requires only a
small team to operate and maintain. This renewal reflects our
customer's ongoing demand for electricity, as well as our proven
ability to deliver large-scale power quickly, reliably and
consistently."
Laurence Anderson, APR Energy Chief Executive Officer added,
"I'm very pleased to have renewed this significant contract in
Iraq, which follows on the heels of our 135MW contract extension
and expansion in Indonesia. Our focus following the acquisition of
the GE power rental business has been to renew the former GE
contracts under more favourable terms or else relocate the assets
to higher-value opportunities, and this renewal is very much
aligned with that strategy."
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.
Enquiries:
APR Energy plc
Lee Munro + 1 904 404 4576
CNC Communications
Richard Campbell +44 (0) 20 3219 8800 / +44 (0) 7775 784 933
Richard Gotla +44 (0) 20 3219 8819 / +44 (0) 7904 122 207
This information is provided by RNS
The company news service from the London Stock Exchange
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