OAKVILLE, ON/ACCESSWIRE/August 4, 2022/ Spark Power Group Inc. (TSX: SPG, SPG.WT), parent company of Spark Power Corp. (“Spark Power” or the “Company”), a leading independent provider of end-to-end electrical, operations and maintenance services and energy sustainability solutions to the industrial, commercial, utility and renewable energy in North America, today announced that its wholly-owned subsidiary, Orbis Engineering Field Services Ltd. one-year Capital Maintenance Agreement (the “Agreement”) by AltaLink, following an extensive competitive bidding process.
AltaLink owns and operates more than 300 substations and 13,000 kilometers of transmission lines, representing more than half of Alberta’s transmission network. The 3-year contract reinforces a commercial partnership dating back to 2011.
“We are excited to continue our long-standing business relationship with AltaLink,” said Richard Jackson, President and CEO, Spark Power Corp. “We appreciate the continued confidence in our field service team to be the trusted partner in PowerMT to deliver on this scope of work. The awarding of this contract renewal demonstrates Spark Power’s safe and efficient delivery of services on behalf of our utility customers and positions us well to continue to build relationships in this segment across North America.
With thousands of miles of lines and hundreds of substations, the AltaLink network requires highly skilled workers to maintain equipment to optimize performance. The contract covers both capital replacement and upgrade (“CRU”) and non-capital replacement and upgrade (“non-CRU”) projects. The scope of work includes replacement of substation equipment or installation of new equipment and other major site upgrades that involve new control buildings or switchgear.
About Spark Power
Spark Power is a leading independent provider of end-to-end electrical services, operations and maintenance services, and energy sustainability solutions for the industrial, commercial, utility, and renewable energy asset markets in North America. North. We work to earn the right to be our customers’ Trusted Partner in Power™. Our highly trained and dedicated staff, located in the communities we serve, combined with our knowledge of the energy industry, our technological expertise and our commitment to safety, ensures that we provide the right solutions that maintain the operations of our customers operational today and better equipped. for tomorrow. To learn more, visit www.sparkpowercorp.com.
Headquartered in Calgary with offices in Edmonton, Red Deer and Lethbridge, AltaLink is Alberta’s largest electricity transmission provider. AltaLink partners with its customers to provide innovative solutions to meet the province’s demand for reliable and affordable power. A wholly-owned subsidiary of Berkshire Hathaway Energy, AltaLink is part of a global group of companies providing energy services to customers around the world.
Forward-Looking Statements and Other Cautions
This press release may contain forward-looking statements (within the meaning of applicable securities laws) that reflect Spark Power’s current expectations regarding future events. Forward-looking statements are identified by words such as “believe”, “anticipate”, “project”, “expect”, “intend”, “plan”, “will”, “may”, ” estimate” and other similar expressions. Forward-looking statements in this press release include statements by Mr. Jackson regarding the Company’s opportunities for future relationships with utility customers. The forward-looking statements contained in this press release are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Several factors could cause actual results to differ materially from the results discussed in the forward-looking statements. These factors include, among others, those discussed in Spark Power’s Annual Information Form dated March 30, 2022, a copy of which is available under Spark Power’s profile on the Electronic Document Analysis and Retrieval System at address www.sedar.com. Accordingly, readers should not place undue reliance on these forward-looking statements. Further, these forward-looking statements are made as of the date of this press release and, except as expressly required by applicable law, Spark Power undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Investor and regulatory inquiries
Richard Perri, Executive Vice President and Chief Financial Officer
+1 (905) 829-3336
Bryan Sparks, Director, Corporate Communications and Brand
+1 (905) 829-3336
THE SOURCE:Spark Power Group Inc.
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