APR Signs Contract Extension

APR Energy, which describes itself as “a global leader in fast-track power solutions”, announce on Wednesday that it has signed extensions of its power generation contracts in Iraq and Angola.

The Company’s contract extension in Iraq is for a one-year term, and runs through 2016. The power plant has been in operation since 2012 and comprises six GE TM2500 mobile gas turbines.

APR Energy acquired the plant in 2013 as part of its acquisition of GE’s power rental business. Located in Basra, the gas-fired power plant provides reliable base load power and grid stability to the population of the Basra province, as well as supporting oil and gas, petrochemical and agricultural industries.

Chief Executive Officer Laurence Anderson (pictured) said:

 “We are pleased to continue our relationships with these important long-term customers … Extensions and renewals are an important part of our business strategy, and they are the result of our strong commitment to operational excellence and customer service.”

(Source: APR)

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