APR Energy PLC Renewal and expansion of Indonesia contracts (8352D)
03 Fevereiro 2015 - 5:00AM
UK Regulatory
TIDMAPR
RNS Number : 8352D
APR Energy PLC
03 February 2015
3 February 2015
APR Energy renews and expands Indonesia power contracts
APR Energy, the global leader in large scale, fast-track power
solutions, announces today that it has signed 115MW of extensions
on two of its power generation contracts in Indonesia, one of the
world's largest markets for distributed power and grid stability
projects. Additionally, APR Energy has been awarded a contract
extension and 5MW expansion on a third site, bringing its total
capacity in the country to 135MW.
APR Energy's 75MW Medan contract has been extended through the
end of 2015, while its 40MW Padang contract has been extended
through Q2 2015. The term of APR Energy's awarded contract
extension and expansion in Nias will run through Q1 2016.
In operation since 2013, APR Energy's plants are located at five
sites on the islands of Nias and Sumatra and feature the latest
advances in fuel-efficient, diesel reciprocating engine technology.
Since coming online, the plants have helped to significantly reduce
the frequency of blackouts in the areas they serve, improving the
productivity of schools, homes and businesses by providing much
needed reliable power and grid stability.
Commenting on the renewals, APR Energy's Managing Director for
Asia Pacific, Clive Turton said, "We are very pleased to have
renewed our contracts in Indonesia, one of our most important
markets. This is the third time we have extended contracts and
expanded our presence in the country, a testament to the
reliability of our solution, a high level of customer satisfaction
and the rapidly growing demand for electricity in the region."
Brian Rich, APR Energy Chief Operating Officer added, "These
renewals are another example of APR Energy's continued success at
extending and expanding contracts, as demonstrated by a contract
renewal rate exceeding 85% over the past year. Renewals remain a
critical part of APR's business model, adding revenue stability and
underpinning strong operational cash flow. Our success is a
reflection of our relentless commitment to operational excellence
and the enduring confidence our customers have in the service we
provide."
About APR Energy
APR Energy is a global leader in large-scale, fast-track power
solutions, providing customerswith 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.
Enquiries:
APR Energy plc
Lee Munro + 1 904 404 4576
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
This information is provided by RNS
The company news service from the London Stock Exchange
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