3rd Feb 2015 09:27
LONDON (Alliance News) - APR Energy PLC on Tuesday said it has signed extensions on three of its power generation deals in Indonesia.
APR said its 75 megawatt Medan contract has been extended to the end of 2015, while the 40 megawatt Padang contract has been extended to the second quarter of 2015 and the Nias agreement for 20 megawatts now will run through the first quarter of 2016.
"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," said APR Chief Operating Officer Brian Rich.
Shares in APR were up 4.7% to 181.47 pence on Tuesday.
By Sam Unsted; [email protected]; @SamUAtAlliance
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