April 29, 2021

APR Energy Secures Contracts To Provide Up To 330MW Of Baseload Power In Mexico

LONDON, April 29, 2021 /CNW/ – APR Energy Ltd. (“APR”), a wholly-owned subsidiary of Atlas Corp. (“Atlas” or the “Company”) (NYSE: ATCO), announced today that it has secured contracts to utilize 10 gas turbines rated for up to 330MW of generation capacity for the summer peaking protocol across three sites in Mexicali, Baja California, Mexico.

This is APR’s third consecutive year supplying baseload generation in the region during the summer months when the region experiences acute electricity deficits impacting the local population and industry. APR is uniquely positioned to fulfil demanding timelines to deliver electricity utilizing its expertise and extending its track-record of providing fast-track power to projects around the world. APR expects these Mexicali projects to become operational during the second quarter of 2021 and continue through the third quarter of 2021.

Bing Chen, CEO of Atlas, commented, “APR has consistently delivered operational excellence over the past two years in Mexicali, and we expect the same for this year as we continue to provide services to the people and companies of the region with reliable turnkey solutions. By leveraging APR’s track record in the Mexican market and growing local partnerships, we look forward to working with the national and regional government authorities, utilities, and private industry to provide both fast-track and longer-term solutions, ensuring reliable and affordable power in the coming years.”

Brian Rich, President and COO of APR, commented, “We are proud of our team’s commitment to deliver and build upon our relationships over the past years by providing the right solutions to satisfy much needed power generation on a fast-track basis. We look forward to continuing our strong track record this year, while developing opportunities for APR in other regions of the country.”