APR Energy PLC Renewal of 106MW Sub-Saharan Africa contracts (8862F)
26 Februar 2015 - 8:01AM
UK Regulatory
TIDMAPR
RNS Number : 8862F
APR Energy PLC
26 February 2015
26 February 2015
APR Energy renews 106MW of contracts in Sub-Saharan Africa
Includes 40MW contract term extension in Angola
APR Energy, the global leader in large scale, fast-track power
solutions, announces today that it has signed 106MW of contract
extensions in Sub-Saharan Africa, including an extension on its
40MW Morro Bento power contract in Angola, taking its term into
early 2016.
APR Energy's Morro Bento plant has been in operation since
November 2012 and provides critical base load power to Angola's
capital city, Luanda. The plant, together with APR Energy's mobile
turbine plant in Rocha Pinto, commissioned in June 2014, provides
Luanda with a combined 80MW of electricity, serving more than
500,000 people.
The Morro Bento extension follows 66MW of other recent APR
Energy renewals in sub-Saharan Africa, including a term extension
through the end of 2015 for its 40MW cross-border contract
supplying electricity to Mali, as well as a term extension into Q3
of 2015 for its 26MW of generation capacity in Senegal.
APR Energy's Managing Director for Europe, Middle East and
Africa, Ranjit Singh said, "Angola exemplifies our strategy of
extending and expanding generation contracts. Building upon our
proven operational success, last year we doubled our generation
capacity in Luanda by adding a new state-of-the-art mobile gas
turbine plant, which we now follow with an extension of our Morro
Bento site. Our term extensions in Angola, Mali and Senegal are
customer endorsements of APR Energy's ability to deliver
sustainable, reliable, efficient and affordable electricity,
benefitting communities and supporting economic growth."
Reflecting on the recent extensions, Brian Rich, APR Energy's
Chief Operating Officer added, "The 106MW of term extensions in
Sub-Saharan Africa reflect the enduring demand throughout the
region for our mobile, turnkey solutions and is the result of the
outstanding efforts of our people in driving operational excellence
and customer satisfaction. These extensions further add to our
contract renewal rate, which has exceeded 85% over the past twelve
months. Customer renewals are a critical component of APR Energy's
business model, adding revenue stability and underpinning strong
operational cash flow."
About APR Energy
APR Energy is a global leader in large-scale, fast-track power
solutions, providing customerswith 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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