APR Apr Energy

TIDMAPR

RNS Number : 6763J

APR Energy PLC

09 April 2015

9 April 2015

APR Energy ceases operations in Yemen

Also announces that its South Pacific contract will terminate early

APR Energy plc (LSE: APR), a global leader in fast-track power solutions, announces that it has ceased operations in Yemen due to escalating conflict in the country. APR Energy has operated in Yemen since 2012, providing 60MW of power capacity.

The decision to proactively terminate our contract in Yemen has been made with much careful consideration and follows a detailed assessment of the well-publicised conflict in the country. The safety of our people is always APR Energy's number one priority, and as such, the Management team believes that this decision is in the best long-term interest of our people, company and shareholders.

APR Energy also announces today that its customer in the South Pacific has provided notice to terminate its 60MW contract in Q3 2015, three months earlier than the original termination date. The customer will no longer need the additional generation capacity due to progress it has made on its permanent generation solution.

Ends

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 

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, 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.

Certain statements included in this announcement constitute, or may constitute, forward-looking statements. Any statement in this announcement that is not a statement of historical fact (including, without limitation, statements regarding the Company's future expectations, operations, financial performance, financial condition and business) is or may be a forward-looking statement. Such forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those projected or implied in any forward-looking statement. These risks and uncertainties include, among other factors, changing economic, financial, business or other market conditions. Although any such forward-looking statements reflect knowledge and information available at the date of this announcement, reliance should not be placed on them. Without limitation to the foregoing, nothing in this announcement should be construed as a profit forecast.

This information is provided by RNS

The company news service from the London Stock Exchange

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