Temporary power specialist APR Energy’s (APR) shares ticked up 3 per cent on these results as the company address some of the concerns about its Libyan contract. APR has a contract with the state-owned utility there to provide power to more than a million people. And two key milestones were achieved last year. Firstly, getting the project - APR’s biggest ever installation - up and running, and then actually getting paid for it in what remains a highly volatile political climate. APR says its Libyan customer is up to date with all payments and $100m (£61m) cash has been received so far.
There was also some encouraging momentum in new business with a record 740 megawatt (MW) of fresh contracts won in 2013. And that trend appears to have carried over into this year with an 82MW contract signed in Myanmar and a further 60MW win in the South Pacific announced alongside these results.