APR Apr Energy

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RNS Number : 8953D

APR Energy PLC

23 May 2012

For Immediate Release

23 May 2012

APR Energy plc ("APR Energy")

APR Announces 100MW Contract in Latin America

160 MW in Contract Extensions

APR Energy today announces that it has signed a new 100MW contract in Latin America to provide its fast-track, temporary power solutions. The agreement provides for dual-fuel gas turbines to address anticipated supply shortages and seasonal demand requirements for the customer. Pricing on the contract is consistent with APR Energy historic pricing levels.

The 100MW of dual-fuel turbines are being repositioned to Uruguay from a previously-announced 100MW award in Mexico, which is being replaced due to permitting delays on that project.

In addition, APR Energy announces that it has signed three contract extensions in Asia, Africa and the Latin America/Caribbean region totalling 160MW. This includes the continuation of 70MW of gas turbines in Japan, where APR Energy has been providing fast-track power solutions since the tragic Tohoku-Chihou-Taiheiyo-Oki Earthquake and associated tsunami in March 2011 that severely damaged Japan's energy grid.

John Campion, CEO said: "This new deal, combined with the three contact extensions, was driven by our ability to offer our customers fast-track solutions that meet their specific technology needs and emissions requirements. It is further testament to the opportunities and success we are seeing in our strategy to offer gas turbines in the temporary power marketplace."

Enquiries:

APR Energy +44 (0) 203 427 3747

Brian Gallagher +44 (0) 775 906 076

Citigate Dewe Rogerson Consultancy + 44 (0) 20 7638 9571

Anthony Carlisle + 44 (0) 7973 611 888

Lydia-Claire Halliday + 44 (0) 7866 617 671

About APR Energy

APR Energy specialises in the sale of reliable and efficient electricity through the rapid deployment of customised turnkey power solutions globally. APR's power generation solutions, coupled with comprehensive operation and maintenance services and flexible commercial terms, have established APR as a leader in the utility and industrial segments. APR Energy provides power generation solutions to customers and communities around the world, with an emphasis in Africa, South America, Central America and Asia. In addition to its business of providing these world-class power solutions, 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 and donations in health and education.

This information is provided by RNS

The company news service from the London Stock Exchange

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