TIDMAPR

RNS Number : 4536W

APR Energy PLC

07 November 2014

7 November 2014

Update on Libya

APR Energy plc (LSE: APR), a global leader in fast-track power solutions, today advises that post market close on 5 November 2014, it has temporarily suspended electricity generation in Libya while necessary paperwork is completed through the Libyan parliamentary review process.

As announced on 29 July 2014, the Group was formally awarded an extension by its customer, GECOL, for its 450MW Libyan contract, taking the term through the first quarter of 2015. The Group is in the final stages of a multi-step confirmation process for the signed contract addendum, but has experienced continued delays in the final parliamentary review process.

APR Energy continues to have a good relationship with its customer, GECOL, which is working to help expedite completion of the necessary paperwork reviews and confirmation.

The Group's plants remain on standby to begin dispatching power at normal contracted levels as soon as the matter is resolved.

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 
   Richard Gotla                +44 (0) 20 3219 8819 / +44 (0) 7904 122 207

About APR Energy

APR Energy is a global leader in large-scale, fast-track power solutions, 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, customisable, 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

END

MSCEANFXEASLFEF

Apr Energy (LSE:APR)
Gráfico Histórico do Ativo
De Jun 2024 até Jul 2024 Click aqui para mais gráficos Apr Energy.
Apr Energy (LSE:APR)
Gráfico Histórico do Ativo
De Jul 2023 até Jul 2024 Click aqui para mais gráficos Apr Energy.