APR Energy PLC Market Update (6763J)
09 Abril 2015 - 3:00AM
UK Regulatory
TIDMAPR
RNS Number : 6763J
APR Energy PLC
09 April 2015
9 April 2015
APR Energy ceases operations in Yemen
Also announces that its South Pacific contract will terminate
early
APR Energy plc (LSE: APR), a global leader in fast-track power
solutions, announces that it has ceased operations in Yemen due to
escalating conflict in the country. APR Energy has operated in
Yemen since 2012, providing 60MW of power capacity.
The decision to proactively terminate our contract in Yemen has
been made with much careful consideration and follows a detailed
assessment of the well-publicised conflict in the country. The
safety of our people is always APR Energy's number one priority,
and as such, the Management team believes that this decision is in
the best long-term interest of our people, company and
shareholders.
APR Energy also announces today that its customer in the South
Pacific has provided notice to terminate its 60MW contract in Q3
2015, three months earlier than the original termination date. The
customer will no longer need the additional generation capacity due
to progress it has made on its permanent generation solution.
Ends
Enquiries:
APR Energy plc
Lee Munro + 1 904 404 4576
CNC Communications
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 the world's leading fast-track mobile turbine
power business. We provide large-scale, fast-track power, 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.
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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