APR Energy signs new 200MW contract in Uruguay

APR Energy has signed a 200MW contract to provide power solutions in Uruguay, the company announced Monday.

The company will deliver dual-fuel gas turbines in the country, with the initial term of the contract ending mid-2014.

APR Energy has also extended its existing 100MW contract with the customer which runs for the same length.

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The agreement raises the company's contract gains this year to 569MW and its contract renewals to 724MW.

John Campion, Chief Executive Officer of APR Energy, said: "This new deal, together with the contract extension, is representative of the strong demand we continue to see across the temporary power market, particularly, in our key markets of Latin America, Africa, the Middle East and Asia. As seen with the Uruguay contract, a key growth driver continues to be demand for mobile gas turbines, for which we are well positioned as one of the world's largest providers."

The firm specialises in the sale of electricity through the global development of power solutions with an emphasis on Africa, South America, Central America, the Middle East and Asia. Shares were up 0.57% to 702.00p at 14:12 Monday.

RD