Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 

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

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
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
0
11/12/2013 | 04:24pm CEST


TSX : AXY

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
0
Latest news on ALTERRA POWER CORP
08/18 ALTERRA POWER : Announces Results for the Quarter Ended June 30, 2016
08/12 ALTERRA POWER : Drilling to start this month for Iceland Deep Drilling Project
08/10 ALTERRA POWER : Aug 09, 2016 Alterra Power Announces Results for the Quarter End..
08/10 ALTERRA POWER : Announces Results for the Quarter Ended June 30, 2016
08/03 ALTERRA POWER : Aug 03, 2016 Alterra Power and Axium Infrastructure Begin Commer..
08/03 ALTERRA POWER : and Axium Infrastructure Begin Commercial Operations at the Jimm..
08/01 ALTERRA POWER : Announces Release Date for the Second Quarter 2016 Results
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
More news
Sector news : Renewable Utilities
08/26DJTXU Energy, Luminant Cleared to Exit Bankruptcy
08/25 Britain's Big Six energy suppliers stem customer exodus as prices rebound
08/24DJCustomers Pull Contracts for Spectra Pipeline Effort
08/24DJCustomers Pull Contracts for Spectra Pipeline Effort After Massachusetts Ruli..
08/24DJBig Customers Abandon Spectra Pipeline Project After Massachusetts Court Ruli..
More sector news : Renewable Utilities
News from SeekingAlpha
08/25 Alterra Power - Aggressively Growing Renewable Energy Play
08/10 Alterra Power's (MGMXF) CEO John Carson on Q2 2016 Results - Earnings Call Tr..
08/10 Alterra Power Corp. 2016 Q1 - Results - Earnings Call Slides
08/10 Alterra Power reports Q2 results
05/26 2 Geothermal Pure Plays At Their Turningpoints
Advertisement
Financials ($)
Sales 2016 84,4 M
EBIT 2016 -
Net income 2016 -1,80 M
Debt 2016 445 M
Yield 2016 -
P/E ratio 2016 26,54
P/E ratio 2017 17,69
EV / Sales 2016 8,24x
EV / Sales 2017 7,18x
Capitalization 251 M
More Financials
Chart ALTERRA POWER CORP
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
TrendsBullishBullishBullish
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 3
Average target price 0,59 $
Spread / Average Target 11%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
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$)
ALTERRA POWER CORP46.81%251
NEXTERA ENERGY INC17.07%56 185
CHINA YANGTZE POWER CO..0.15%45 657
ENEL S.P.A.1.54%45 276
TENAGA NASIONAL BHD--.--%20 866
AGL ENERGY LTD3.71%9 595
More Results