APR Energy Increases Libya Contract

APR Energy today announced a 200MW expansion of its original 250MW contract in Libya, making it "the single largest contract ever signed in the fast-track power industry".

The expansion, which brings the contracted total generation capacity to 450MW, supplements the 250MW of mobile gas turbines originally contracted.

The turnkey power solution will help cover anticipated power demand during the critical summer high heat season, as well as provide interim power while the country continues to rebuild and improve its infrastructure.

This brings APR Energy's total new contract wins this year to 553MW. This compares with 569MW of contract wins in the whole of 2012. The current order book (backlog of business) stands at over 14,823 MW-months, up 28% from 31 Dec 2012.

John Campion (pictured), CEO said:

The expansion of the Libya contract is a result of the strong confidence our customer has in APR Energy’s ability to rapidly deliver and execute the large-scale power it requires. The expanded 450MW project in Libya, together with the recent implementation of our 300MW project in Uruguay, aligns with APR Energy’s goal to be the industry leader for large-scale, fast-track power projects.

(Source: APR Energy)

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