APR Energy PLC New Contract (9342R)
02 Juli 2015 - 8:00AM
UK Regulatory
TIDMAPR
RNS Number : 9342R
APR Energy PLC
02 July 2015
2 July 2015
APR Energy Signs New Contract to Supply Gas Turbine Power
for Egyptian Industrial Plant
APR Energy plc, a global leader in fast-track power solutions,
today announces that it has signed a contract to provide a gas
turbine power plant for an industrial customer in Egypt. The
project, which is for a minimum of 12 months, has an estimated
value exceeding $30 million.
APR Energy's plant will feature three GE aeroderivative mobile
turbines that will run on clean-burning natural gas. The plant is
expected to begin generation by Q1 2016.
"Our contract in Egypt is the result of many months of work and
gives us a foothold in one of the largest markets in the region,
supporting one of the country's most strategic industrial
investments," said Laurence Anderson, APR Energy Chief Executive
Officer.
Executive Chairman John Campion added, "The project builds upon
our experience in the industrial space, diversifying our customer
base and complementing the strong success that we have had in the
utility segment."
Ends
Enquiries:
APR Energy plc
Lee Munro (investors) + 1 904 404 4576
Manisha Patel (investors) + 1 904 517 5135
Alan Chapple (media) + 1 904 223 2277
CNC Communications
Nick Bastin +44 (0) 20 3219 8814 / +44 (0) 7931 500 066
Michael Kinirons +44 (0) 20 3219 8803 / +44 (0) 7827 925 090
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
END
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