APR Energy extends Virgin Islands contract
16 December 2014
Temporary power provider APR Energy has signed a two-year extension for its 25 MW contract in the US Virgin Islands, to run through to the fourth quarter of 2016.
APR Energy assumed the contract with the US Virgin Islands Water and Power Authority (WAPA) as part of its acquisition of GE’s power rental business in October 2013.
The company said the extension added to its record number of renewals for the year, driving a success rate of over 90%.
November, for instance, saw the company sign extensions to its contracts for 300 MW in Uruguay, which will now run through to the end of the second quarter 2015.
Libya suspension
However, the company also moved in November to suspend electricity generation in Libya, pending completion of a Libyan parliamentary review process.
In July this year, the company was awarded an extension to its 450 MW Libyan contract by its customer GECOL – prolonging the contract through to the first quarter of 2015. APR Energy said it was waiting for paperwork to be completed.
A company spokesperson confirmed that the suspension remained in place. “We continue to seek the requisite completion of the review process,” the spokesperson added.
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