APR Apr Energy

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APR Energy PLC

06 December 2013

6 December 2013

APR Energy plc

New 40MW mobile gas turbine contract in Angola

First APR Energy mobile gas turbine project in sub-Saharan Africa

-- New twelve-month contract in Angola, using two of the non-contracted GE mobile gas turbines acquired through the acquisition of GE's power rental business

   --     First APR Energy GE mobile turbine deal following announcement of the strategic alliance 

with GE

   --     Brings APR Energy's total footprint in Angola to 80MW 

APR Energy plc (LSE: APR), a global leader in fast-track power solutions, today announces it has signed a new contract to provide fast-track power in Angola. Featuring GE mobile gas turbines, the deal represents APR's first turbine project in sub-Saharan Africa, and quickly follows the GE strategic alliance announced in October. The contract will bring APR's total footprint in Angola to 80MW, and supplements the existing 40MW contract for diesel power modules, which was announced this week to renew for another twelve-month period.

The new twelve-month contract in Angola, providing APR Energy's full turnkey solution, will utilise two of the four non-contracted mobile gas turbines acquired as part of APR Energy's recent acquisition of GE's power rental business in October of this year. Pricing on the contract is consistent with APR Energy's historic pricing and margin levels. The plant is expected to begin operations in early 2014.

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

"Today's announcement of our first mobile turbine deal in sub-Saharan Africa is further endorsement of our strategy and the rapidly expanding appeal of mobile gas turbine technology for both developed and developing markets. Our strategic alliance with GE is already paying dividends, as demonstrated with this new GE turbine win in Angola and our recently-announced contract extension in the US Virgin Islands. We are confident that our strategy remains well placed to meet customer needs, delivering enhanced services and turnkey solutions, while securing high utilisation rates and strong pricing."

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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