APR Energy stays on growth track

By Murray Pollok24 July 2012

APR Energy, the Florida based power rental company listed on the London Stock Exchange, reported a 162% increase in revenues to US$155 million for the six months to 30 June 2012.

The revenue increase reflects a growing fleet, which amounted to 1052 MW at the end of June, an increase of 152 MW from December last year. The company has an order backlog of more than 9000 MW-months, up 39% from the end of the first quarter.

The company said its efforts to expand its international footprint continued during the first half of the year, with the opening of a Dubai hub in the first quarter of the year and a new hub to be established in Malaysia during the third quarter.

Meanwhile, APR announced that its new 100 MW temporary power generation project in Uruguay has started operation. The plant will provide supplementary power to an existing power facility in Punta del Tigre, 40 km northwest of Montevideo.

"This recent installation of dual-fuel turbines within Uruguay is a great example of how APR can deploy fast-track, environmentally friendly power systems that are an ideal solution for the Americas," said APR Energy president and chief operating officer, Laurence Anderson.

"Gas turbines have been utilized in Uruguay on a larger scale for some time and the region understands the balance of speed of delivery and high environmental standards that these units can provide."

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