ATCO - APR Energy Extends Gas Generation Contract in Brazil

Canada NewsWire

LONDON, UK , April 13, 2022 /CNW/ - APR Energy Ltd. ("APR Energy"), a wholly-owned subsidiary of Atlas Corp. ("Atlas") (NYSE: ATCO), announced today that it has extended its previously announced 12-month gas generation contract in Brazil to a 226 MW 44-month contract. The extension furthers APR Energy's growth strategy of providing longer-term energy capacity solutions.

"Extending this contract demonstrates our customer's confidence in APR Energy's consistent operational excellence. APR Energy is developing a track record of meeting the growing demand for deploying proven and highly reliable gas turbines on long-term contracts. By extending this contract, APR is securing longer-term, predictable cash flow and optimizing its turbine utilization," said Ben Church , CEO, APR Energy.

APR Energy has deployed short- and long-term power projects in 35 markets around the world over the past 15 years. This is APR Energy's first project in Brazil .

About APR Energy

APR Energy provides rapidly deployable power and long-term generation solutions to governments, utilities, and industries around the world.  For more information visit aprenergy.com.

About Atlas

Atlas is a leading global asset management company, differentiated by its position as a best-in-class owner and operator with a focus on disciplined capital deployment to create sustainable shareholder value. We target long-term, risk-adjusted returns across high-quality infrastructure assets in the maritime sector, energy sector and other infrastructure verticals. For more information visit atlascorporation.com

SOURCE Atlas Corp.

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