APR Energy Extends Gas Generation Contract In Brazil

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.