APR wins power generation contracts totaling 147 MW

Source:APR Energy

APR Energy, a global leader in fast-track power, has been awarded 147MW of new contracts for fast-track power projects in Mozambique, Senegal, and Indonesia. The awards bring the Company's total new contract wins so far this year to 740 MW, ahead of last year's total number of contract wins of 569 MW.

The 40 MW award in Mozambique is a multi-year contract for a fast-track power plant comprising gas power modules. The plant will run solely on natural gas and will be APR Energy's second project in the country.

APR Energy's 32 MW contract award for diesel power modules in Senegal will supplement the 66 MW of power capacity APR Energy is already providing. The Senegal and Mozambique wins, together with contracts in Libya, Botswana, Angola, Mali, and Gabon, will bring APR Energy's total operating capacity within Africa to 763 MW.

The contract award in Indonesia, APR Energy's third in the country this year, is for a 75 MW fast-track plant featuring diesel power modules. Together with existing plants in Nias and Padang, the new plant will increase APR Energy's power generation capacity to 130MW in the country.

The majority of the financial impact of the awards will be felt in 2014 with a proportion expected to come on line in late 2013.

John Campion, APR Energy's Chief Executive Officer said:

"The 147 MW in Mozambique, Indonesia, and Senegal build upon the strong new business momentum that APR Energy gained in the first half of the year as a leader in fast-track, large-scale power.

"Our awards in Indonesia and Senegal will further strengthen our presence in these two highly important markets, and will increase our diesel fleet utilization. The Mozambique deal aligns closely with APR Energy's strategy to increase our natural gas footprint by taking advantage of the growing demand for the lower-cost, lower-emissions fuel. With approximately 50% of our fleet being natural gas capable, APR Energy is positioned well to benefit from this growing opportunity."

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