Archive for the ‘energy’ Category

APR Energy Commissions Gas Turbine Plant for Industrial Customer in Egypt

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JACKSONVILLE, Florida, Feb. 25, 2016 /PRNewswire/ — APR Energy, a global leader in fast-track power solutions, announces today that it has commissioned its new power plant in Egypt. The plant will support development of a large-scale industrial complex being built for the Egyptian Ethylene and Derivatives Company (ETHYDCO), a manufacturer and leading provider of value-creating plastics and rubber products.

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APR Energy’s turnkey solution features three GE aeroderivative mobile gas turbines running on clean-burning natural gas, together with the associated balance of plant. As standard with its full-service package, APR Energy handled all design, installation and commissioning work for the plant, and will continue to manage all ongoing operation and maintenance. The plant will run for a minimum of 12 months.

“This is a major project for Egypt’s growing industrial sector, and we are pleased to have APR Energy as our power generation partner,” said ETHYDCO Chairman Abd-el Rahman Zeid. “Due to our need for a reliable and cost-efficient natural gas solution, their mobile gas turbines were the best fit to meet our critical electricity needs. We have been impressed with the speed and flexibility APR Energy has demonstrated in delivering our unique project requirements on time, and appreciate the responsiveness its people have shown during every stage of the process.”

John Campion, APR Energy Chairman, said, “I want to congratulate our installation and commissioning team for safely and efficiently delivering our newest power plant on-time, per customer requirements. The project is significant in that it gives us a foothold in one of the largest markets in the region and supports one of Egypt’s most strategic industrial investments. It also builds upon our experience in the industrial space, further diversifying our customer base and complementing the strong success that we have had in the utility segment.”

Campion added, “APR Energy’s Egyptian power plant exemplifies the use of mobile gas turbines as an affordable self-power solution for customers in energy-intensive industries such as petrochemicals, mining, EPC and oil and gas. Our turnkey solutions not only provide a highly-reliable source of power to keep critical operations running, but also enable customers to focus on their core business rather than worrying about power generation.”

Click here to view a brief time-lapse video of the plant from ground breaking to commissioning.

About APR Energy

APR Energy is the world’s leading provider of fast-track mobile turbine power. Our fast, flexible and full-service power solutions provide customers with rapid access to reliable electricity when and where they need it, for as long as they need it. Combining state-of-the-art, fuel-efficient technology with industry-leading expertise, our scalable turnkey plants help run cities, countries and industries around the world, in both developed and developing markets. For more information, visit the Company’s website at www.aprenergy.com.

CONTACT: Alan Chapple (Media), Phone: +1 (904) 223-2277, Email: publicrelations@aprenergy.com, Press Photo Gallery: http://www.aprenergy.com/press-photo-gallery)

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APR Energy Shareholders Approve Consortium Acquisition, Privatization

JACKSONVILLE, Florida, Jan. 7, 2016 /PRNewswire-HISPANIC PR WIRE/ — APR Energy plc (the “Company”) (LSE: APR), a global leader in fast-track power solutions, announces today that an offer by a consortium of investors (the “Consortium”) to acquire the Company was declared unconditionally successful on 5 January. The Consortium comprises Fairfax Financial Holdings Limited, ACON Equity Management and Albright Capital Management, and brings substantial financial backing to support the Company’s business initiatives, including committing more than $200 million in fresh equity capital to reduce debt and increase working capital.

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“This is a significant milestone in the evolution of APR Energy,” said Executive Chairman John Campion. “We are pleased to be working alongside a group that truly understands our business and our market – and that shares our longer-term vision. Our new investors bring significant strategic value to our business, including global relationships, a sophisticated understanding of international finance and extensive experience investing in global power markets. Their significant investment reflects a strong belief in our business, our market and our management team, and we expect them to be great partners as we grow the Company and continue to serve our expanding base of global customers.

“This transaction clearly makes us stronger, and will pay down debt, increase working capital and enable us to approach the longer term with renewed confidence.”

Chief Executive Officer Laurence Anderson said, “With these new partners, we will have greater flexibility to manage through the short-term variations in our business cycle while staying focused on our longer-term growth objectives. We also will have access to additional capital to fund growth initiatives.”

Anderson said that during the transition process, and afterward, “Our customers, partners and suppliers can expect us to continue to build upon our already high level of customer service, driving operational excellence and delivering reliable, essential electricity around the world.”

About APR Energy

APR Energy is the world’s leading provider of fast-track mobile turbine power. Our fast, flexible and full-service power solutions provide customers with rapid access to reliable electricity when and where they need it, for as long as they need it. Combining state-of-the-art, fuel-efficient technology with industry-leading expertise, our scalable turnkey plants help run cities, countries and industries around the world, in both developed and developing markets. For more information, visit the Company’s website at www.aprenergy.com.

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CONTACT: For more information contact: Alan Chapple (Media), Phone: +1 (904) 223-2277, Email: publicrelations@aprenergy.com

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APR Energy 250MW Extension in Uruguay Gains Final Signature, Approval

JACKSONVILLE, Fla., Sept. 7, 2015 /PRNewswire/ – APR Energy plc (the “Company”), a global leader in fast-track power solutions, today announces final signature and government approval of the extension of its 250MW power generation project through the end of 2015 with Usinas y Trasmisiones Eléctricas (”UTE”), the Uruguayan state power company. The approved contract terms and conditions are unchanged from the agreement announced on 1 July, including the pending sale of 50MW of gas turbines. In that announcement, the Company reported that it had reached agreement with UTE on the terms of the extension, and was awaiting completion of the standard government review.

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APR Energy has been serving UTE since 2012 through two power plants, located in La Plata and Punta del Tigre. The mobile gas turbine solution provides bridging power while a permanent generating facility is being constructed as well as much-needed reserve capacity as the region deals with diminished hydroelectric power output resulting from a prolonged drought.

“UTE has been an outstanding, long-term customer, and their decision to extend our projects five times is a reflection of the high quality of service we provide and the reliability of our technology,” said Chief Executive Officer Laurence Anderson. “The decision by UTE underscores the fact that our fast-track mobile solutions are an ideal source of interim power during construction of permanent infrastructure.”

About APR Energy
APR Energy is the world’s leading provider of fast-track mobile turbine power. Our fast, flexible and full-service power solutions provide customers with rapid access to reliable electricity when and where they need it, for as long as they need it. Combining state-of-the-art, fuel-efficient technology with industry-leading expertise, our scalable turnkey plants help run cities, countries and industries around the world, in both developed and developing markets. 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.

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CONTACT: Enquiries: APR Energy plc: Lee Munro (investors) + 1 904 404 4576; Manisha Patel (investors) + 1 904 517 5135; Alan Chapple (media) + 1 904 223 2277; CNC Communications: Nick Bastin +44 (0) 20 3219 8814 / +44 (0) 7931 500 066; Michael Kinirons +44 (0) 20 3219 8803 / +44 (0) 7827 925 090

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APR Energy Renews 25MW Power Contract in the U.S. Virgin Islands

Two-year contract extension adds to record renewals

JACKSONVILLE, Fla., Dec. 16, 2014 /PRNewswire/ – APR Energy plc (LSE: APR), a global leader in fast-track power solutions, today announces that it has signed a two-year extension for its 25MW contract in the U.S. Virgin Islands, to run through late Q4 of 2016. The extension adds to APR Energy’s record number of renewals for the year, driving a success rate of over 90%.

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APR Energy assumed the contract with the U.S. Virgin Islands Water and Power Authority (WAPA) as part of its acquisition of GE’s power rental business in October 2013. The Group provides a turnkey bridging power solution to WAPA, supporting the utility’s strategic system improvements as it converts to liquefied propane gas (LPG), a lower cost fuel alternative. The GE TM2500 turbine provided by APR Energy gives WAPA additional fuel flexibility, including the ability to operate on the cheaper LPG fuel.

Tom Caldwell, APR Energy Managing Director, Americas, stated, “We are very excited that our bridging solution continues to play a key part of WAPA’s long-term plans as it makes its system-wide improvements. APR Energy appreciates the opportunity to continue our strong relationship with WAPA and are proud to support its efforts in providing lower cost solutions for the island’s ratepayers through our highly-efficient, mobile turbine technology.”

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, customizable, 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.

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CONTACT: APR Communications, Direct Phone: +1 (904) 223-2277, Email: publicrelations@aprenergy.com

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