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RNS Number : 6572W

APR Energy PLC

11 November 2014

11 November 2014

Renewal of 300MW Uruguay contracts

Record contract renewals of 1,754MW year to date

APR Energy plc (LSE: APR), a global leader in fast-track power solutions, today announces that it has signed an extension for its 300MW of contracts in Uruguay, to run through the end of the second quarter, 2015.

The extension adds to APR Energy's record 1,754MW of contract renewals for the year - a success rate of over 90%.

As part of the renewal, the Group has agreed to grant the customer an option to buy two of its turbines located at the plant site. The transfer of assets would occur post the end of the extended contract.

APR Energy has been in Uruguay serving its customer, Usinas y Trasmisiones Eléctricas (UTE), since 2012. The Group's two plants feature low emission, mobile gas turbines and provide a complementary solution to offset the country's dependency on hydroelectric power.

Laurence Anderson, Chief Executive Officer said, "Our Uruguay extension is another example of our continued success in driving contract renewals this year, reflecting the high level of loyalty we have with our customers, the ongoing demand for electricity in the markets we serve and the inherent longevity of the solutions we provide."

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

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