APR Energy Signs 40MW Cross-Border Deal in Mali

JACKSONVILLE, Fla., July 1, 2013 /PRNewswire/ -- APR Energy, a global leader in fast-track power, today announces that it has signed a new 40MW cross-border contract with the government of Mali to address expected power shortages in the country. APR Energy's turnkey solution, comprising diesel power modules, will be installed and operated in Senegal. The power generated will feed into the OMVS interconnected grid that connects Mali, Senegal, and Mauritania.

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The deal represents APR Energy's first ever cross-border agreement, and the company's first sale of power to Mali. The project further reinforces APR Energy's commitment to West Africa, with other recent projects across the region including Senegal, Burkina Faso, and Gabon.

This brings APR Energy's total new contract wins this year to 593MW (compared to 569MW of contract wins in the whole of 2012), in addition to contract extensions of 111MW year to date. The current order book (backlog of business) now stands at over 14,439 MW-months, up 25% from 31 Dec 2012.

John Campion, CEO said, "We continue to see significant opportunity for large-scale, fast-track power projects, as evidenced in the Mali win and our recent Libya contract expansion. Our state-of-the-art fuel-efficient diesel power modules enable us to provide highly competitive fuel efficiency guarantees and an overall lower cost – without sacrificing our kw/h pricing. This proved to be a deciding factor in our recent win in Indonesia, and expect it to be an important competitive advantage as we continue to gain significant share in the large-scale fast-track power market."

About APR Energy

APR Energy specializes in the sale of reliable and efficient electricity through the rapid global deployment and installation of scalable turnkey power solutions. APR Energy's solutions, coupled with comprehensive operation and maintenance services and flexible commercial terms, have established it as a leader in its industry. Serving both utility and industrial segments, APR Energy provides power generation solutions to customers and communities around the world, with an emphasis on Africa, Latin America, the Middle East, and Asia. APR Energy also implements philanthropic projects at each plant location through its Community Development Program, which aims to build and maintain close relationships with its neighbors through projects focused on health, education, and infrastructure.

SOURCE APR Energy



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