APR Apr Energy

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APR Energy PLC

09 July 2015

9 July 2015

APR Energy Extends and Expands 108MW of Power

Generation Contracts in Africa

APR Energy plc, a global leader in fast-track power solutions, today announces that it has extended and expanded its interim power solution for Société Nationale d'Éléctricité du Sénégal (Senelec), Senegal's national electric utility. The requirements include installation and operation of an additional 48MW of mobile diesel-powered generation, including assets being redeployed from Libya, to supplement an existing 20MW block of power at APR Energy's Kounoune site. The contract term for the combined 68MW extends into the fourth quarter of 2015.

APR Energy also announces that it has extended its 40MW mobile gas turbine project in Rocha Pinto, Angola, through late in the fourth quarter of 2015. Located near the capital city of Luanda, the project is one of two the Company has in Angola, the third-largest economy in Africa. APR Energy provides an additional 40MW of power generation at its plant in Morro Bento, which was extended through the first quarter of 2016 earlier this year.

The Angola and Senegal projects, together with additional plant sites in Botswana and Mali, combine to provide more than 180MW of power generation capacity to Sub-Saharan Africa.

"The expansions in Senegal and Angola are a testament to the reliable power solutions that we offer, as well as another indication that our customers place great value on the operational excellence we bring to our projects," said Laurence Anderson, Chief Executive Officer at APR Energy. "We are pleased to continue these important relationships with our utility partners, and are proud to contribute to the economic growth in this region of the world."

Executive Chairman John Campion added: "Power extensions and expansions like the ones in Angola and Senegal are a fundamental element of our business strategy. The planning, financing and construction of permanent power plants can take many years, and our mobile gas turbines and power modules are perfect interim solutions that provide customers the flexibility and full service they need during the development of permanent generation."

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 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.

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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