APR Energy (LSE: APR.L), a global leader in fast-track power solutions, has announced the extension of its 200 megawatt diesel power module project in Libya on the same terms as the original contract.
The provision of 200MW of diesel power modules, announced in June 2013 as an expansion to APR Energy's 250 MW gas turbine contract in Libya, created the largest single contract in the history of the fast-track power industry. The combined 450 MW power solution provides the Libyan people with interim power generation while the country continues to rebuild and improve its infrastructure. The 250 MW gas turbine project is not due for renewal until summer 2014.
John Campion, APR Energy's Chief Executive Officer, said, "I am delighted to announce our first extension in Libya. Today's announcement reflects the strong relationship we have built with our customers and their continued satisfaction in APR's ability to deliver reliable, fast-track power. Libya continues to face growing demand for power, and we look forward to continue delivering solutions to GECOL and the Ministry in supporting the ongoing electricity needs of the Libyan people."