JACKSONVILLE, Fla.,
Nov. 17, 2015 /PRNewswire/ -- APR
Energy plc (LSE: APR), a global leader in fast-track power
solutions, announces today that its 102MW project in Myanmar has been extended through 2016, with
financial terms similar to those in the initial agreement. The
original contract for the plant, signed in February 2014, was the first agreement between a
U.S.-based company and the government of Myanmar for power generation since the lifting
of sanctions.
The Kyaukse power plant is located south of Mandalay, the
second-largest city in a country where nearly 42 million people are
without access to electricity. The turnkey facility was installed
in just 90 days and is one of the largest thermal plants in the
country, providing enough power to serve more than six million
people. In early September, it was named a Top Plants Award winner
in the gas-fired category by POWER magazine.
"We are excited by the continued opportunity to help power the
development of one of Southeast
Asia's fast-growing economies," said Laurence Anderson, Chief Executive Officer. "As
the first U.S. power company to do business in Myanmar in recent years, we have been
fortunate to have exceptional business partners in Myanma Electric
Power Enterprise and the national government. They have been fully
committed to the success of this project and the role it is playing
to enhance the quality of life for people in Myanmar."
Clive Turton, managing director
of the Company's Asia Pacific
region, said: "I would like to congratulate the Myanmar ministries and staff for their
professional and efficient collaboration with the APR Energy team
to complete this process. We look forward to continuing our
positive cooperation with the Myanma Electric Power
Enterprise."
After initially commissioning 82MW of generating capacity in
April 2014, APR Energy installed an
additional 20MW during the first quarter of 2015 to help offset the
reduction of hydropower during the annual dry season in spring.
Click here to view a short video about the project.
About APR Energy
APR Energy is the world's leading provider of fast-track mobile
turbine power. Our fast, flexible and full-service power solutions
provide customers with rapid access to reliable electricity when
and where they need it, for as long as they need it. Combining
state-of-the-art, fuel-efficient technology with industry-leading
expertise, our scalable turnkey plants help run cities, countries
and industries around the world, in both developed and developing
markets. For more information, visit the Company's website at
www.aprenergy.com.
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SOURCE APR Energy plc