An Open Invitation to Purchase of one (FM-200) Filling Station for Ras Lanuf

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News Releases

News Releases
Released:  05/06/20142014-06-05
Word count:  114

The announcement of the readiness of Sirte airport to resume activity

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Libyan investment
The Director of the international airport of Sirte announced the readiness of the airport to resume its activities after the requirements by the Civil Aviation Authority in cooperation with the rest of the other parties in the city providing all the management of the airport is awaiting for scheduled flights to and from the airport by Libyan Airlines according to the agreement of the local council of Sirte with Libyan Arab Airlines at a rate of five flights to Tripoli and two flights to Benghazi weekly.

Civil Aviation Authority has provided three cars for extension of services for aviation, surveillance cameras and ladder to transfer patients and people with special needs to the aircraft.
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8 months ago

Construction News

Construction News Business News
Released:  04/06/20142014-06-04
Word count:  92

Production of electric power in Sirte.

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Libyan investment
General Electricity Company celebrated on Thursday, 29.5.2014 for entering the first unit of the project of Gulf steam plant for the production and generation of electric power in Sirte into work with the public network of electricity with production capacity of 350 MW.

It is worth mentioning that four international companies implemented this project with about 3,000 workers, engineers and technicians under the supervision of General Electricity Company and the value of the project which was contracted in 2008 was one billion, eight hundred million Libyan dinars in order to generate and produce 1400 megawatts of electricity.
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8 months ago

Contract News

Contract News Business News
Released:  04/06/20142014-06-04
Word count:  352

WYG plc, the Leeds-based project management and technical consultancy has announced its partnership in a consortium, led by Cardno Limited, that has been awarded a major new contract in Libya.

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Business daily news
The contract awarded by the UK’s Department for International Development forms part of the UK’s Security, Justice and Defence programme in Libya, funded and overseen jointly by DFID, the Foreign & Commonwealth Office, and Ministry of Defence (MoD).

Under the contract WYG, in a joint venture with the Australian, ASX-200 listed professional infrastructure and environmental services company, Cardno Limited, will deliver the first phase of a programme to support the Libyan authorities.

They will provide "accountable and sustainable" security, justice and defence for its citizens, over a period of up to 34 months.

Opon the delivery of an inception report which, if accepted, we expect to lead to further work on the project which has a total potential value of approximately £28 million and would involve overseeing the training of police officers and judicial police.

The firm also reported an increase in revenue of £126.9 million (31 March 2013: £125.7 million) with adjusted operating profit of £4.8 million (31 March 2013: £1.5 million).

They also agreed a new £15 million trade finance facility with Santander UK plc which is now in operation.

David Burton, managing director of Cardno Emerging Markets UK & Europe, added:"I am delighted that Cardno has been selected to work together with WYG to deliver one of the most significant projects in Libya’s journey to post-conflict stabilisation.

"We will be drawing on our collective experience built up over more than 20 years in the challenging fields of post-conflict resolution, recovery and reintegration to help the Libyan government achieve its long term objectives."

Paul Hamer, chief executive officer of WYG plc, commented: "We have made considerable progress during the year, with our focus on generating quality revenues delivering a strong increase in profits and a substantial uplift in our order book.

"WYG is now in better shape than it has been for several years, with a highly differentiated consultancy offering, a financial structure which fully supports its potential, and clear momentum in its order book.

"Our key strengths in advising clients on asset creation, managing socio-economic development programmes and facilitating the restructuring of fragile states place us well to continue to convert our strong pipeline of opportunities in these areas."
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8 months ago

Oil & Gas News

Oil & Gas News Contract News
Released:  03/06/20142014-06-03
Word count:  128

ION Geophysical Corporation, in conjunction with North Africa Geophysical Exploration Company (NAGECO), has reportedly signed an agreement with Libya’s National Oil Corporation (NOC) to acquire 21,000 km of 2D seismic data in Libya.

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Libya business news
Known as LibyaSPAN, the 2D multi-client survey will be acquired in multiple phases.

According to a report from World Oil, Phase 1 is planned to encompass over 7,700 km of new high-end long-offset seismic data covering the entire Libyan offshore.

Jason Robinson, V.P. EAME for ION’s GeoVentures division, commented:

“LibyaSPAN is designed to create a comprehensive picture of the Libyan geology, tying all of the major basins and providing the deep imaging essential to understanding new exploration plays.

“With the anticipation of future license rounds in Libya, the data will help oil and gas companies evaluate large regions and focus on those areas with the highest chance of success.”

Data acquisition is anticipated to commence in mid-2014, with data delivery planned for the end of 2014.

(Source: World Oil)
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8 months ago

News Releases

News Releases
Released:  03/06/20142014-06-03
Word count:  78

Faculty of Economics and Commerce at Margeb University organized a workshop on Islamic banking in Libya.

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Libyan investment
The workshop addressed several topics including the definition of Islamic banking system, the economic effects and implications on the application of this system. The workshop aims to survey the application of Islamic banking system on the national economy and the definition of the concepts of Islamic banking and the role of the Central Bank of Libya in the success of Islamic banking system and the role of scientific institutions in advancing the process of transformation of Islamic banking.
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Business News

Business News
Released:  02/06/20142014-06-02
Word count:  85

The vice-chairman of the Libyan Board of Architecture (LBA), Hisham Al-Ghadi, has said that the whole sector must reorganise to conform to the needs of post-revolution Libya.

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Libya business news
According to a report from Libya Herald, he said that it is important to separate architecture from engineering, adding that the role of the architect was marginalised under the previous regime for the benefit of the engineer, and that attention must also be given to interior design and other architectural components of a building.

Based in Tripoli, where it recently opened a centre offering lectures and courses, the LBA has over 400 members across Libya and plans to open branches in other cities.

(Source: Libya Herald)
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Oil & Gas News

Oil & Gas News
Released:  02/06/20142014-06-02
Word count:  200

LONDON, May 30 (UPI) --The chairman of the Libyan National Oil Corp. said the government aims to hold an auction for new oil licenses once political hurdles are cleared.

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UPI
Companies interested in investing in Libya, once a premier North African oil producer, have said the nation's troubled security sector and tough contractual terms are keeping them at bay.

NOC Chairman Mustafa Sanallah told potential investors at an energy conference in London another bidding round is expected once a permanent government is formed and new draft oil laws are ready.

"Hopefully by next year the situation will be very clear," he said Thursday.

The latest monthly market report from the Organization of Petroleum Exporting Countries, of which Libya is a member, says the North African nation produced 238,000 barrels of oil per day in April, down from the first quarter average of 364,000 bpd and well below its 2012 level of 1.4 million bpd.

Optimism over a rebound in the Libyan oil sector increased in April when the NOC announced it lifted an emergency declaration on oil operations at its Zueitina terminal in the east of the country, where anti-government forces have control.

Austrian energy company OMV, one of the latest companies to report on Libya, said production from its operations in Libya has been shut down since the middle of March. Its low-end production forecast for 2014 assumed no production from Libya going forward.
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8 months ago

Business News

Business News
Released:  30/05/20142014-05-30
Word count:  233

European countries must contribute to creating employment in Africa to help limit the influx of migrants that leave the continent in search of a better life, Italian Finance Minister Pier Carlo Padoan said.

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Bloomberg
“Migrants flee from their homes because they see no job opportunities and because they see a threat to their security and life,” Padoan said today in an interview at the African Development Bank’s annual meeting in the Rwandan capital, Kigali. “So we as Europeans need to foster the creation of new job opportunities in Africa.”

The number of illegal border crossings into Europe on the central Mediterranean route more than doubled to 40,304 last year, with the largest number coming from Eritrea at 9,926, according to Frontex, the European Union’s border agency.

While Italy has benefited from migration flows, which added to the workforce and the country’s growth potential, it has created a security risk in the nation’s south, Padoan said. In October, two boats carrying migrants sank a week apart off Lampedusa, Italy, killing more than 400 hundred people. This month, at least 17 people died and 200 people were rescued when a boat carrying migrants from Libya en route to southern Italy sank, British Broadcasting Corp. reported on May 12.

“We have to actively support the establishment of institutions that keep security, strengthen democracy and therefore make life easier for people and make weaker the incentive to move,” Padoan said.

To contact the reporter on this story: Rene Vollgraaff in Johannesburg at rvollgraaff@bloomberg.net

To contact the editors responsible for this story: Nasreen Seria at nseria@bloomberg.net Sarah McGregor, Paul Richardson
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8 months ago

Business News

Business News
Released:  29/05/20142014-05-29
Word count:  224

Indian engineer giant Punj Lloyd recently signed a half-billion dollar deal for large-scale infrastructure construction in Zliten.

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Libya business news
“We wish to inform that the company has been awarded a contract to design and construct infrastructure facilities of Zliten city (Libya),” Punj Lloyd said in a filling to the Bombay Stock Exchange.

The company reported that the approximate cost of the project is worth $540 million USD and encompasses the design and construction of the storm and sewer network, water network, telecommunication, power distribution and natural gas networks. For the finishing touch, the company will also be constructing street lighting and the landscaping and green areas adjacent to the roadways.

Covering over 2,400 hectares, the infrastructure project is a make-over of essentially the entire area of Zliten city. The scheduled completion date is four years.

This deal comes amid some chaos in government, with several Libyan Ministers recently leaving office under pressure and continuing strains between the central government in Libya and the country’s historical sections.

While tensions have markedly cutting the amount of oil being exported — Libya’s monetary lifeline — reports on April 28 by the National Oil Corporation were that the government had lifted “force majeure” from the eastern Zueitina oil port. Plans are for the government to start selling oil from the port within the week.

Zueitina is one of four eastern ports to be reopened after the Libyan government reached agreements with separatists who took control of the ports last summer.  
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8 months ago

Business News

Business News
Released:  29/05/20142014-05-29
Word count:  54

Increased production of Dairy products and cheese in Sirte.

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Libyan investment
The director of animal production in the river water investment board in the Central Region stated that the production of sour milk is more than 2000 liters per day and the production of natural milk is nearly 12,000 liters per day and the production of cheese is more than one thousand five hundred kilograms per day.
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8 months ago

Business News

Business News
Released:  28/05/20142014-05-28
Word count:  147

Med Cross Lines has introduced a third ship in own intra-Mediterranean services

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Informare
the company of Venetian navigation Med Cross Lines (MXL) has introduced a third ship in own intra-Mediterranean services having inserted ro-ro the Pelican in the line East-West Med to place side by side to the unit ro-ro Stock trader.

With the entrance of the Pelican the service has frequency now every 14 days and in West loop it covers the markets of Spain (Sagunto), France (Marseilles), Italy (Livorno) for Algeria, Libya, Egypt and Libano, while the East loop connects Greece (Pireo), Turkey (Derince, Izmir, Mersin), Lebanese (Beirut) with Libya, Tunisia and Algeria.

the third ship of the company, ro-ro the Transporter, continues to being operated in the connection north-south to cover the ports of the Adriatic (Venice, Koper, Bari, Pireo) towards Libya with dedicated service every 14 days.

the port of the Pireo acts as also from hub for the crossing of the three lines realized from the company
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8 months ago

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9 months ago

News Releases

News Releases

Second Economic Forum of the Western Mediterranean: towards a strengthened regional economic integration

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EU Neighbourhood Info
More than 400 business leaders and high-level representatives of major enterprises and economic institutions from Algeria, France, Italy, Libya, Malta, Mauritania, Morocco, Portugal, Spain and Tunisia gathered in the Portuguese capital Lisbon yesterday for the Second Economic Business Forum of the Western Mediterranean in the framework of the 5+5 Dialogue.

The central theme of the event, aimed to promote dialogue and strengthen economic cooperation between the countries of the region, was sustainable development, structured around four strategic pillars: water, environment, infrastructure and financing. The forum provided a space for reflection and discussion about the economic challenges of each country and the opportunities of cooperation in joint projects or initiatives. Paulo Portas, Deputy Prime Minister of Portugal, gave a keynote speech during the forum’s inaugural session. He reaffirmed Portugal’s full support to this informal but dynamic and efficient process and stressed the importance of the UfM’s role for its consolidation. Addressing the audience during the opening session, UfM Secretary General Fathallah Sijilmassi affirmed: “The UfM stands today as an operational platform to promote regional integration by fostering coordination efforts and drawing on the synergies with and between governments, institutions and stakeholders of the region. In this respect, the 5+5 Dialogue represents an enhanced cooperation scheme whose actions naturally respond to a global Mediterranean objective.” He underlined the importance of the launch of the 5+5 Business Council under the framework of the agreement signed between the ten employers’ associations during the Forum of Barcelona. The first edition of the Economic Forum of the Western Mediterranean took place last October 2013, at the headquarters of the Union for the Mediterranean, in Barcelona

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9 months ago

News Releases

News Releases
Released:  27/05/20142014-05-27
Word count:  300

The African Development Bank (AfDB) Group, on Wednesday, May 22, 2014 in Kigali, signed its first post-revolution grant agreement with the Libyan authorities, to assist with leadership capacity building and democratic transition in the country.

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All Africa
The grant amounts to US $3.5 million to strengthen the efficiency and effectiveness of the Libyan institutions to deliver democratic governance and sustainable economic and social development.

The agreement was co-signed by AfDB Operations Vice-President, Zondo Sakala and Libya's Deputy Finance Minister, on behalf of the country's Finance Minister, El Kilani Abdulkarim El Kilani.

The signing of the agreement marks the official launch of an AfDB pilot project entitled: "Leading the Way: Developing Leadership Capacity to Support Libya's Transition".

The project will support the transitional government and prepare conditions for a successful handover to the new post-election government, while running a pilot leadership training program on leadership capacity and expertise among executive level officials within the public and private sectors as well as the civil society. The project, which will be implemented by the Bank, is financed through the Deauville Partnerships' Middle East and North Africa (MENA) Transition Fund with counterpart funding of US $2 million from the Libyan Ministry of Planning.

The signing of the agreement comes only a week after the Board's endorsement of the 2014-2016 Re-engagement Note for Libya, approved on May 15. The note highlights governance, through state institutional capacity building, improved service delivery and creation of an enabling environment for private sector development, as the main objectives of the Bank's operations in Libya over the next two years. Aligned with the note's objectives, the Leading the Way project aims at building the state's capacity which, in turn, improves long-term institutional efficiency and service delivery, while supporting the country's challenging process of democratic transition.

The Bank has expanded its activities in Libya since 2012. Institutional capacity building and structural reforms within line ministries, strategic assistance to the country's key sovereign wealth funds, and creation of an enabling environment for private sector activity are among the key Bank activities in Libya.
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9 months ago

Business News

Business News
Released:  26/05/20142014-05-26
Word count:  56

Libya Energy, International exhibition on energy generation and conservation, to showcase the progress made, deliberate the potential opportunities and challenges facing the industry and to create a roadmap for sustainable growth and development.

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Tripoli International Fairground | Tripoli, Libya | 04-07 Dec 2014

Exhibitor Profile

The exhibitor profile includes conventional, non conventional, renewable and clean and green energy, power transmission, distribution and conservation systems, process automation and instrumentation, boilers and steam systems, material handling systems, waste management systems, environment monitoring, petrochemical & electrical engineering etc.

Organizer:

Phoenicia Group

501 Silverside Road, Suite # 105, Delaware, USA
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9 months ago

Oil & Gas News

Oil & Gas News
Released:  26/05/20142014-05-26
Word count:  79

Eni's oil production in Libya stable

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Ansa
Eni is monitoring the situation in Libya after an armed attack on Tripoli's parliament, and is working "with continuous attention to personnel safety," the Italian oil giant said Monday. On Sunday renegade anti-Islamist troops stormed the building and suspended the Islamist-dominated House, accusing it of empowering extremists.

On Monday an Eni spokesman told ANSA that "for the moment, Eni has not taken steps to evacuate employees (from the area), production activities are continuing in line with the first-quarter trend".  
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9 months ago

News Releases

News Releases
Released:  23/05/20142014-05-23
Word count:  63

Courses for the staff of the Antiquities in Rome.

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Libyan investment
A training course was organized by Rome Center to maintain Antiquities (CCA) for five employees of the Antiquities Authority on the basis of a memorandum of understanding signed between the authority and the center.

It was announced that the center has a plan to invite the trainees to join an advanced course again in the same place during the second half of May 2014.
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9 months ago

Oil & Gas News

Oil & Gas News
Released:  23/05/20142014-05-23
Word count:  314

The 3rd New Libya Oil & Gas Forum will gather a delegation of more than 200 senior level executives next week from the National Oil Corporation Libya, Governmental Officials, International Oil Companies operating in the country and their service providers. The forum is co-organised by Oliver Kinross and IRN, and will take place on 29th-30th May at the Jumeirah Carlton Tower Hotel in London.

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PRWEB
Governmental Officials, International Oil Companies operating in the country and their service providers.

The 3rd New Libya Oil & Gas Forum will gather a delegation of more than 200 senior level executives next week from the National Oil Corporation Libya, Governmental Officials, International Oil Companies operating in the country and their service providers.

The forum is co-organised by Oliver Kinross and IRN, and will take place on 29th-30th May at the Jumeirah Carlton Tower Hotel in London. Having been hosted successfully under the patronage of the Libyan NOC for the two previous years, in Rome (2012) and Istanbul (2013), the senior level meeting will again be the key platform to facilitate high level discussions.

Topics to be addressed will focus on the oil and gas business in the country, highlighting investment opportunities, future development prospects, and plans for both the upstream and downstream sectors. Onshore and offshore operations will be closely examined by the key on field companies BP Libya, Nafusa Libya, Shell and Oando.

Amongst the organisations that will be in attendance at this year’s meeting are; Shell, BP, Total, Libya Holdings Group, Oando, Shell International Trading and Shipping Company, Crosco, OMV, Sipex Libya, Technip, BP Libya, Total S.A, BB Energy Group, British Arab Commercial Bank Plc, Shell International Upstream, Yokogawa Middle East & Africa, Occidental Libya Oil and Gas, Petrofac International Limited, Statoil, Total E&P Libya, Egyptian Drilling Company, GE Oil&Gas, OMV Pakistan, Statoil, ExxonMobil, Gazprom Neft, Hess Corporation Libya, and many more.

The 3rd Annual New Libya Oil & Gas Forum 2014 is sponsored by IESCO, Libya Holdings, Serinus Energy, NRC, Veritas Academy, TransSahara Group, Melron Endustri, IHRDC, BACB, and Edgo. Oando Group is a Gold sponsor of the forum. The meeting is also supported by the Libyan British Business Council, the Middle East Association, the Italian-Libyan Chamber of Commerce and Cedigaz.

For more information please contact Xenia Sapanidi at XeniaS@irn-international.com.  
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9 months ago

Business News

Business News
Released:  22/05/20142014-05-22
Word count:  353

Dubai Investments PJSC [DI] has announced that Dubai Investments International – its wholly-owned subsidiary targeting overseas expansion, is currently tapping into business opportunities in Africa and Asia.

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Libyan investment
As a first step in scaling up its overseas operations, DI International is targeting investments, joint ventures and strategic partnerships across Africa and Asia, and also eyeing commercial projects in some Middle Eastern countries.

The company is also in advanced stages of negotiations with prospective business partners in Libya and Erbil in Kurdistan, Iraq to build an industrial, commercial and residential business park similar to Dubai Investments Park [DIP] and replicating the business model in the respective countries.

DI International is also working closely with relevant government authorities to attract investments as also international companies to set up industrial units within these business parks.

Mr. Khalid Bin Kalban, Managing Director and CEO of Dubai Investments PJSC, said:

“The setting up of Dubai Investments International was the first step in our strategy to expand our global footprint in key markets. Our plans are in place and we are in advanced negotiations with leading strategic players on investment opportunities across diversified sectors in the existing and new geographical locations across the globe to consolidate our position as an important international player. We are now in the process of setting up agencies and representative offices across strategic markets.”

He added:

“We are also in advanced negotiations to replicate the successful business model of DIP and have already received invitations from different countries. We will use our expertise, business plans, and networking tools to build similar facilities in other locations too.” DI’s exports have surged over 129% per cent over the last five years, and the DI International’s aggressive growth plans will further leverage its global footprint in a big way. Guided by a global vision, the company is targeting investments in existing and new businesses in international markets, with particular focus on Gulf, Middle East and Africa.

DI International was launched in 2013, as part of DI strategy to catapult its international operations and reinforcing itself as a global conglomerate. The entity is mandated to build an international portfolio of diverse business assets across a wide spectrum of industries by leveraging on DI proven expertise, knowledge and business models to promote economic growth across the globe.
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9 months ago

Oil & Gas News

Oil & Gas News
Released:  21/05/20142014-05-21
Word count:  58

Arab Gulf Oil Company announced discoveries of new oil basins in two wells West Libya; G1-NC4 which is located in Ghadames Basin and FF2-47 which is located southwest of Murada city.

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Libyan investment
AGOCO Chairman of the Board of Directors stated that the new wells take time until they are ready for use; the duration of drilling is 3 to 4 months and after drilling an excavator is used for maintenance of the test well with special equipment to determine the quantities of oil and water and the quality of the oil.

NOCLIBYA  
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9 months ago

Contract News

Contract News Business News
Released:  21/05/20142014-05-21
Word count:  343

LONDON (Alliance News) - APR Energy PLC said Tuesday it has made a positive start to the year, reporting 501 megawatts of new contract wins or extensions in Libya, Myanmar and the South Pacific.

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ISE
The fast-track power solutions company said that it has won 359 megawatts of contract extensions including a 200 megawatts diesel project in Libya and 142 megawatts of new contract wins in Myanmar and the South Pacific since the beginning of the year.

In an interim management statement to May 20, 2014, including its first-quarter trading period, the company also said its financial and operational performance during the quarter has been in line with expectations.

Group revenue for the quarter was USD120 million, up from USD43 million in the comparable quarter in 2013, reflecting continued high utilisation levels across the fleet, said APR.

The company's balance sheet had gross debt of USD593 million at the quarter end, compared to USD590 million at the end of the previous quarter. APR said discussions with its existing relationship banks regarding its refinancing strategy are progressing and it expect to execute this strategy over the coming months.

The Myanmar contract commenced operations at the end of April; the Angolan and South Pacific mobile gas turbine contracts are on track to commence operations during the second quarter, said the company.

APR also reported strong fleet utilisation of 81% at 2,074 megawatts, flat on the previous quarter as at March 31, 2014. "We have made a positive start to 2014 with 501MW of new contract wins or extensions and the business is performing well. We have successfully commissioned our landmark project in Myanmar and are on track to commence operations across recent contract wins in Angola and the South Pacific," said Chief Executive John Campion.

Looking ahead, demand for APR's solutions remains strong, reflected in new contract wins and continued high renewal rates. "Our focus for the year includes securing a number of key contract renewals, transferring the GE contracts that are due for renewal onto more favourable terms or re-deploying these assets, developing opportunities through our partnership with GE and continuing to deliver an improved financial and operational performance. We are making good progress on each of these areas," added Campion.

APR Energy shares were trading 1.84% lower at 772.00 pence per share Tuesday afternoon.

By Alice Attwood; aliceattwood@alliancenews.com; @AliceAtAlliance  
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