APR Energy, the global leader in large scale, fast-track power solutions, announces today that it has signed 115MW of extensions on two of its power generation contracts in Indonesia, one of the world's largest markets for distributed power and grid stability projects. Additionally, APR Energy has been awarded a contract extension and 5MW expansion on a third site, bringing its total capacity in the country to 135MW.
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APR Energy's 75MW Medan contract has been extended through the end of 2015, while its 40MW Padang contract has been extended through Q2 2015. The term of APR Energy's awarded contract extension and expansion in Nias will run through Q1 2016.
In operation since 2013, APR Energy's plants are located at five sites on the islands of Nias and Sumatra and feature the latest advances in fuel-efficient, diesel reciprocating engine technology. Since coming online, the plants have helped to significantly reduce the frequency of blackouts in the areas they serve, improving the productivity of schools, homes and businesses by providing much needed reliable power and grid stability.
Commenting on the renewals, APR Energy's Managing Director for Asia Pacific, Clive Turton said, "We are very pleased to have renewed our contracts in Indonesia, one of our most important markets. This is the third time we have extended contracts and expanded our presence in the country, a testament to the reliability of our solution, a high level of customer satisfaction and the rapidly growing demand for electricity in the region."
Brian Rich, APR Energy Chief Operating Officer added, "These renewals are another example of APR Energy's continued success at extending and expanding contracts, as demonstrated by a contract renewal rate exceeding 85% over the past year. Renewals remain a critical part of APR's business model, adding revenue stability and underpinning strong operational cash flow. Our success is a reflection of our relentless commitment to operational excellence and the enduring confidence our customers have in the service we provide."
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, customisable 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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