Fast-track power supplier APR Energy has renewed its alliance with GE.
The new pact will see APR upgrade and standardize its fleet by acquiring GE’s TM2500+ mobile turbines, a move which APR chairman John Campion said “gives us the newest fleet in the industry”.
APR says it is now positioned to exploit “a temporary power market moving from diesel/heavy fuel oil-powered generation to fuel-flexible turbines with the latest advancements in fuel efficiency and emissions controls“.
The original alliance between APR and GE was signed in 2013 and today’s new phase of the collaboration gives APR global exclusivity as the rental provider of GE mobile gas turbines under 50 MW.
GE and Florida-headquartered APR will also collaborate on leads for “customers looking for interim or rental power solutions as a bridge to more permanent power solutions”.
The acquisition of the TM2500+ mobile turbines expands its total fleet capacity to more than 2 GW.
“We are very excited about the mutual benefits our renewed alliance brings, and appreciate the increased collaboration between our two companies,” said Campion.
“Our partnership will provide APR Energy access to new leads and opportunities throughout the GE global network, helping to support our business growth and thereby increasing demand for GE equipment.”
GE chairman Jeff Immelt said he had been “impressed with APR’s high level of customer service and ability to deliver turnkey power generation projects in remote locations all around the world. With this strategic alliance, customers will benefit from APR Energy’s expertise, and can use GE technology as a bridging solution while their permanent GE power plants are under construction.”
The renewed alliance comes after a significant year for APR. Last January its shareholders approved its acquisition by a consortium of Fairfax Financial Holdings, ACON Equity Management and Albright Capital Management. Also in 2016 the company won its largest ever single contract with a deal for a 350 MW project in Argentina and also what it called a “first-of-its-kind” LPG-fired mobile turbine plant in the US Virgin Islands.