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

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Two-year contract extension adds to record renewals

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Dec 16, 2014, 03:05 ET

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%.

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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SOURCE APR Energy