ATCO & Nunavut Petroleum JV wins 10-Year fuel supply contract

ATCO & Nunavut Petroleum JV wins 10-Year fuel supply contract
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IQALUIT – ATCO Ltd. (TSX: ACO.X) (TSX: ACO.Y) – Nunavut Petroleum Corporation and ATCO Frontec, an ATCO company, today announced their joint venture Uqsuq Corporation has been awarded a 10-year $600 million contract to manage and operate Iqaluit’s 79-million-litre bulk fuel storage facility, pipeline distribution system and municipal fuel delivery system. The contract for managing this critical energy infrastructure also has a five-year option period.

The contract was awarded by the Petroleum Products Division of the Government of Nunavut and provides the complete end-to-end management of bulk fuel for Iqaluit, including purchase, receipt and management of annual bulk fuel deliveries; airport refueling operations; infrastructure maintenance; quality assurance; and environmental response. There is a short window to transport fuel and goods to the remote North when only accessible by plane or boat. Uqsuq, formed in 1996, has been a critical partner to the Government of Nunavut, and has been providing the fuel services to the city for the past 25 years. The new fuel contract was re-awarded under a competitive bid process.

“Uqsuq is an example of how we promote sustainable economic growth and build capacity for Inuit communities through trusted partnerships,” said Harry Flaherty, President, Uqsuq and Qikiqtaaluk Corporations. “We look forward to continuing to provide this essential service over the next 10 years, fueling the economy with employment and business opportunities.”

“Strong, mutually-beneficial relationships with our Inuit partners is important to the success of this contract, in addition to many of our other projects in Canada’s North,” said Jim Landon, President, ATCO Frontec. “Uqsuq is one of our longest-standing partnerships and it truly represents collaboration and respect.”

ATCO Frontec has built a strong foundation of work in Northern Canada, including providing facility management services at five Department of National Defence sites across the North. In addition, it has several Inuit partnerships with operations that include facility management services at Canadian Forces Station Alert and the maintenance of 157 microwave sites across Northern Canada for NorthwesTel. And recently, Nunavut Arctic Services Ltd, Frontec’s new joint venture with a majority Inuit partner, was awarded a five-year contract to provide facility management services at the Canadian High Arctic Research Station (CHARS), located in Cambridge Bay, Nunavut.  “Working and operating in the North requires specialized skills and knowledge to meet the unique challenges of these remote locations,” added Mr. Landon.

 

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