Log in
Forgot password ?
Become a member for free
Sign up
Sign up
Dynamic quotes 

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Alterra Power Corp    AXY   CA02153D1024

News SummaryMost relevantAll newsSector news 

Alterra Power Corp : Nov 12, 2013 Alterra Completes Revised PPA for Jimmie Creek Hydro and Acquires 100% of Project

share with twitter share with LinkedIn share with facebook
share via e-mail
11/12/2013 | 04:24pm CEST


VANCOUVER, Nov. 12, 2013 /CNW/ - Alterra is pleased to announce that its 62 MW Jimmie Creek run-of-river hydroelectric project has completed an amendment of its power purchase agreement. Under the agreement, the Jimmie Creek project will sell 100% of its power to BC Hydro for 40 years commencing in August 2016. Alterra has also agreed to purchase the 49% project stake currently held by an affiliate of General Electric Energy Financial Services. Upon closing of this transaction, Alterra will own 100% of the Jimmie Creek project. All First Nations agreements and environmental permits for Jimmie Creek are in place.

Alterra's Vice President of Hydro Operations Jay Sutton said, "Finalizing this agreement with BC Hydro is an important milestone for Jimmie Creek, and will support us placing the project into construction in the first half of 2014. Completing this project will further establish Alterra as a leading hydroelectric producer in British Columbia and complement our growing wind, solar and geothermal operations."

About Alterra Power Corp.

Alterra Power Corp. is a leading global renewable energy company, managing seven power plants totaling 616 MW of capacity, including British Columbia's largest run-of-river hydro facility and largest wind farm, two geothermal facilities in Iceland, a geothermal plant in Nevada, and a solar facility in Ontario. Alterra owns a 302 MW share of this production capacity, generating approximately 1,400 GWh of clean power annually. Alterra also has an extensive portfolio of exploration and development projects and a skilled international team of developers, explorers, builders and operators to support its growth plans.

The company trades on the Toronto Stock Exchange under the symbol AXY and OTC in the United States as MGMXF.

Cautionary Note regarding Forward-Looking Statements and Information
This news release contains certain "forward-looking information" within the meaning of Canadian securities laws, which may include, but is not limited to, statements with respect to future events or future performance, the fulfillment of all conditions precedent to the obligation of the parties under the agreements, required consents and third party approvals. This news release also contains statements with respect to our plans to expand our operations, management's expectations regarding our growth, business prospects and opportunities and energy generation capacities. Such forward-looking information reflects management's current beliefs and is based on information currently available to management.

SOURCE Alterra Power Corp.

distributed by
share with twitter share with LinkedIn share with facebook
share via e-mail
07/29 ALTERRA POWER : Jul 29, 2016 Alterra Power Announces Release Date for the Second..
07/29 ALTERRA POWER : Announces Release Date for the Second Quarter 2016 Results
07/28 ALTERRA POWER : Agrees to Acquire 20 MW Solar Portfolio
07/21 ALTERRA POWER : to acquire a 20 MW PV portfolio in Indiana, Michigan
07/20 ALTERRA POWER : Agrees to Acquire 20 MW Solar Portfolio
07/14 ALTERRA POWER : Jul 14, 2016 Alterra Power Arranges Extension to Iceland Bond
07/14 ALTERRA POWER : Arranges Extension to Iceland Bond
07/14 ALTERRA POWER : Arranges Extension to Iceland Bond
07/05 ALTERRA POWER : Jul 05, 2016 Alterra Power's Jimmie Creek Project Achieves Full ..
07/05 ALTERRA POWER : Jimmie Creek Project Achieves Full 62 MW Output
More news
Sector news : Renewable Utilities
08:48aDJNextEra Clinches $18.4 Billion Deal -- WSJ
07/29DJNEXTERA ENERGY : to Buy Energy Future's Oncor in $18.4 Billion Deal -- 6th Updat..
07/29DJNextEra to Buy Energy Future's Oncor in $18.4 Billion Deal -- 5th Update
07/29DJNextEra to Buy Energy Future's Oncor in $18.4 Billion Deal -- 4th Update
07/29DJNEXTERA ENERGY : to Buy Energy Future's Oncor in $18.4 Billion Deal -- 3rd Updat..
More sector news : Renewable Utilities
News from SeekingAlpha
05/26 2 Geothermal Pure Plays At Their Turningpoints
05/24 2 Transitional Resource Companies With Insider Buying
05/11 Alterra Power's (MGMXF) CEO John Carson on Q1 2016 Results - Earnings Call Tr..
05/10 Alterra Power reports Q1 results
03/16 Alterra Power's (MGMXF) CEO John Carson on Q4 2015 Results - Earnings Call Tr..
Financials ($)
Sales 2016 85,0 M
EBIT 2016 -
Net income 2016 7,10 M
Debt 2016 441 M
Yield 2016 -
P/E ratio 2016 23,03
P/E ratio 2017 23,03
EV / Sales 2016 7,71x
EV / Sales 2017 6,76x
Capitalization 214 M
More Financials
Duration : Period :
Alterra Power Corp Technical Analysis Chart | AXY | CA02153D1024 | 4-Traders
Full-screen chart
Technical analysis trends ALTERRA POWER CORP
Short TermMid-TermLong Term
Technical analysis
Income Statement Evolution
More Financials
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 0,53 $
Spread / Average Target 15%
Consensus details
EPS Revisions
More Estimates Revisions
John B. Carson Chief Executive Officer & Director
Ross J. Beaty Executive Chairman
Lynda Freeman Chief Financial Officer
David Wallace Cornhill Independent Director
Donald Arthur McInnes Vice Chairman
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
ENEL S.P.A.3.08%46 786
AGL ENERGY LTD11.39%10 551
More Results