11th Sep 2015 06:33
LONDON (Alliance News) - APR Energy PLC Friday said it has managed to successfully remove all of its remaining assets from Libya after exiting the country at the start of 2015.
The electricity generator pulled out of Libya in January due to "geopolitical challenges" and because it was struggling to gain ratification of its contract with the Libyan government. The company managed to remove the "majority" of its assets out of the country before the end of July.
On Friday, APR said a final shipment containing four mobile turbines, transformers, balance-of-plant equipment and spare parts has left the country and been received.
"I am extremely proud of the tremendous effort made by our operations team to remove all of our assets from Libya," said Chief Executive Laurence Anderson. "We now are focused on redeploying these assets to new opportunities in our pipeline and building on the initial success we have had in placing some of this equipment in a new plant in Botswana and an expansion of our Senegal project."
By Joshua Warner; [email protected]; @JoshAlliance
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