OAKVILLE, IN / ACCESS CABLE / August 4, 2022 / Spark Power Group Inc. (TSX:SPG, SPG.WT), the parent company of Spark Power Corp. (“Spark Power” or the “Company”), a leading independent provider of end-to-end electrical services, operations and maintenance services and energy sustainability solutions for the North American industrial, commercial, utility and renewable asset markets, today announced that its wholly owned subsidiary, Orbis Engineering Field Services Ltd. (“Orbis”), has received a multi-year renovation. – one-year capital maintenance contract (the “Contract”) 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 strengthens a business partnership that dates back to 2011.
“We are pleased to continue our long-standing business relationship with AltaLink,” said Richard Jackson, president and CEO of Spark Power Corp. “We appreciate the continued trust in our field service team to be the trusted partner in PowerTM to deliver on this Workspace. The award of this contract renewal demonstrates Spark Power’s safe and effective delivery of services on behalf of our utility customers and positions us well to continue building relationships in this segment throughout North America.”
With thousands of miles of lines and hundreds of substations, the AltaLink network requires highly skilled workers to maintain the equipment and optimize its performance. The Agreement covers capital replacement and upgrade (“CRU”) projects and non-capital replacement and upgrade (“non-CRU”) projects. Scope of work includes replacing substation equipment or installing new equipment and other major site upgrades involving new control buildings or switches.
About Spark Power
Spark Power is a leading independent provider of end-to-end electrical services, operations and maintenance services, and energy sustainability solutions to the industrial, commercial, utility, and renewable asset markets in North America. We work to earn the right to be our customers’ trusted Power™ partner. Our highly trained and dedicated people, located in the communities we serve, combined with our energy industry knowledge, technological expertise and commitment to safety, ensure we deliver the right solutions that keep our customers’ operations running. today and better equipped. for tomorrow. Learn more atwww.sparkpowercorp.com.
Headquartered in Calgary with offices in Edmonton, Red Deer and Lethbridge, AltaLink is Alberta’s largest electricity transmission provider. AltaLink is partnering with its customers to provide innovative solutions that 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 that provide energy services to customers around the world.
Projections and other cautionary statements
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. The forward-looking statements in this Press release include statements by Mr. Jackson regarding the Company’s opportunities for future relationships with utility customers. Forward-looking statements in this press release are not guarantees of future performance and involve risks and uncertainties that are difficult to control or predict. Various factors could cause actual results to differ materially from the results discussed in the forward-looking statements. Such factors include, but are not limited to, those discussed in Spark Power’s Annual Information Form dated March 30, 2022, a copy of which is available on Spark Power’s profile in the System for Electronic Analysis and recovery of documents at www.sedar.com. Readers, therefore, should not place undue reliance on any such forward-looking statements. In addition, these forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, Spark Power undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information . , future events or otherwise.
Regulatory and investor inquiries
Richard Perri, Executive Vice President and Chief Financial Officer
+1 (905) 829-3336
Bryan Sparks, Manager, Corporate Communications and Brand
+1 (905) 829-3336
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