APR Energy PLC Award Of 147MW Of New Contracts (5873M)

TIDMAPR

RNS Number : 5873M

APR Energy PLC

28 August 2013

APR Energy plc ("APR Energy")

APR Energy Announces 147MW of New Contract Awards

APR Energy, a global leader in fast-track power, today announces that it has been awarded 147MW of new contracts for fast-track power projects in Mozambique, Senegal, and Indonesia. The awards bring the Company's total new contract wins so far this year to 740MW, ahead of last year's total number of contract wins of 569MW.

The 40MW award in Mozambique is a multi-year contract for a fast-track power plant comprising gas power modules. The plant will run solely on natural gas and will be APR Energy's second project in the country.

APR Energy's 32MW contract award for diesel power modules in Senegal will supplement the 66MW of power capacity APR Energy is already providing. The Senegal and Mozambique wins, together with contracts in Libya, Botswana, Angola, Mali, and Gabon, will bring APR Energy's total operating capacity within Africa to 763MW.

The contract award in Indonesia, APR Energy's third in the country this year, is for a 75MW fast-track plant featuring diesel power modules. Together with existing plants in Nias and Padang, the new plant will increase APR Energy's power generation capacity to 130MW in the country.

The majority of the financial impact of the awards will be felt in 2014 with a proportion expected to come on line in late 2013.

John Campion, APR Energy's Chief Executive Officer said:

"The 147MW in Mozambique, Indonesia, and Senegal build upon the strong new business momentum that APR Energy gained in the first half of the year as a leader in fast-track, large-scale power.

"Our awards in Indonesia and Senegal will further strengthen our presence in these two highly important markets, and will increase our diesel fleet utilisation. The Mozambique deal aligns closely with APR Energy's strategy to increase our natural gas footprint by taking advantage of the growing demand for the lower-cost, lower-emissions fuel. With approximately 50% of our fleet being natural gas capable, APR Energy is positioned well to benefit from this growing opportunity."

Enquiries:

   APR Energy                           +44 (0) 203 427 3747 
   Brian Gallagher                       +44 (0) 777 590 6076

Capital MSL

   Ian Brown                                +44 (0) 20 7307 5344 / +44 (0) 7908 251 123 
   Richard Campbell                   +44 (0) 20 7307 5344 / +44 (0) 7775 784 933

About APR Energy

APR Energy specialises in the sale of reliable and efficient electricity through the rapid global deployment and installation of scalable turnkey power solutions. APR Energy's solutions, coupled with comprehensive operation and maintenance services and flexible commercial terms, have established it as a leader in its industry. Serving both utility and industrial segments, APR Energy provides power generation solutions to customers and communities around the world, with an emphasis on Africa, Latin America, the Middle East, and Asia. APR Energy also implements philanthropic projects at each plant location through its Community Development Programme, which aims to build and maintain close relationships with its neighbours through projects focused on health, education, and infrastructure.

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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This information is provided by RNS

The company news service from the London Stock Exchange

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