APR Energy PLC APR 250MW Uruguay Extension Gains Final Signature (2017Y)
07 Settembre 2015 - 8:00AM
UK Regulatory
TIDMAPR
RNS Number : 2017Y
APR Energy PLC
07 September 2015
7 September 2015
APR Energy 250MW Extension in Uruguay Gains Final Signature,
Approval
APR Energy plc (the "Company"), a global leader in fast-track
power solutions, today announces final signature and government
approval of the extension of its 250MW power generation project
through the end of 2015 with Usinas y Trasmisiones Eléctricas
("UTE"), the Uruguayan state power company. The approved contract
terms and conditions are unchanged from the agreement announced on
1 July, including the pending sale of 50MW of gas turbines. In that
announcement, the Company reported that it had reached agreement
with UTE on the terms of the extension, and was awaiting completion
of the standard government review.
APR Energy has been serving UTE since 2012 through two power
plants, located in La Plata and Punta del Tigre. The mobile gas
turbine solution provides bridging power while a permanent
generating facility is being constructed as well as much-needed
reserve capacity as the region deals with diminished hydroelectric
power output resulting from a prolonged drought.
"UTE has been an outstanding, long-term customer, and their
decision to extend our projects five times is a reflection of the
high quality of service we provide and the reliability of our
technology," said Chief Executive Officer Laurence Anderson. "The
decision by UTE underscores the fact that our fast-track mobile
solutions are an ideal source of interim power during construction
of permanent infrastructure."
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
END
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September 07, 2015 02:00 ET (06:00 GMT)
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