APR Apr Energy

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RNS Number : 7505U

APR Energy PLC

05 December 2013

5 December 2013

APR Energy announces 85MW of contract renewals

   --     Twelve-month renewal of 40MW diesel power module contract in Angola 

-- Twelve-month renewal and improved pricing of 25MW US Virgin Island contract, acquired as part of the GE Power Rental acquisition

   --     Renewal of turbine contract in Martinique through Q1 2014 

APR Energy plc (LSE: APR), a global leader in fast-track power solutions, today announces it has signed three contract extensions, totalling 85MW.

APR Energy announces the successful extension of its existing 40MW diesel power module contract in Angola for a further twelve-month period.

In the US Virgin Islands, APR Energy has successfully secured a twelve-month extension on improved pricing of the 25MW mobile gas turbine contract that was assumed as part of the recent acquisition of GE's power rental business. Pricing on the contract is now consistent with APR historic turbine pricing levels.

Finally, the Company announces the extension through Q1 2014 of its 20MW mobile gas turbine contract in Martinique.

Commenting on the announcement, John Campion, APR Energy's Chief Executive Officer said:

"We have a long and successful track record of contract renewals. Today's announcement is evidence of our continued customer satisfaction and the overall strength of the market. While still in its early days, the integration of the recently acquired GE Power Rentals unit is progressing well and we are already seeing the benefits of our strategic alliance with GE."

Enquiries:

APR Energy plc

Karen Menzel +44 (0) 777 590 6076

Capital MSL

   Richard Campbell       +44 (0) 20 3219 8800 / +44 (0) 7775 784 933 
   Ian Brown                    +44 (0) 20 3219 8817 / +44 (0) 7908 251 123 

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, customizable, 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

This information is provided by RNS

The company news service from the London Stock Exchange

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