2nd Jul 2015 07:30
LONDON (Alliance News) - APR Energy PLC on Thursday said it has signed a deal to provide a gas turbine power plant for an unnamed industrial customer in Egypt.
APR said the deal has an estimated value of more than USD30 million and a minimum one-year term.
"Our contract in Egypt is the result of many months of work and gives us a foothold in one of the largest markets in the region, supporting one of the country's most strategic industrial investments," said Chief Executive Laurence Anderson.
APR shares were up 11% to 127.75 pence on the news, one of the best performers in the London Main Market in early trade.
By Sam Unsted; [email protected]; @SamUAtAlliance
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