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

4-Traders Homepage  >  Equities  >  Toronto Stock Exchange  >  Alterra Power Corp    AXY   CA02153D2014

SummaryChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

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 CET


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
01/11 ALTERRA POWER : Jan 11, 2017 Alterra Power Update Regarding Wind Project Qualifi..
01/11 ALTERRA POWER : Update Regarding Wind Project Qualification
01/08 ALTERRA POWER : Kokomo, Indiana solar project begins commercial operation
01/06 ALTERRA POWER : solar project in Indiana begins commercial operations
01/06 ALTERRA POWER : Alterras Indiana solar project now live
01/06 ALTERRA POWER : plans for 200-MW wind project in Texas
01/06 ALTERRA POWER : Announces Execution of Project Contracts for Flat Top Wind Farm
01/05 ALTERRA POWER : s 7 MW Kokomo solar PV project begins commercial operations
01/05 SCATEC SOLAR : sells off 104MW project, Alterra commissions solar plant in India..
01/05 ALTERRA POWER : Jan 05, 2017 Alterra Power Announces Execution of Project Contra..
More news
Sector news : Renewable IPPs
2016DJChina Resources Power to Form JV With China Resources Gas in Fujian
2016 CHINA'S COAL PRODUCERS SIGN MORE LON : Securities Times
2016 European renewable stocks fall on concern Trump will cut support
2016DJCHINA RESOURCES POWER : to Set Up Joint Venture With Beijing Jingneng Power
2016DJHUANENG POWER INTERNATIONAL : Third-Quarter Net Profit Drops 26%
More sector news : Renewable IPPs
News from SeekingAlpha
2016 T-Rail Positions For 2018
2016 Geothermal Sector Review
2016 Alterra Power Corp. 2016 Q3 - Results - Earnings Call Slides
2016 Alterra Power Corporation's (MGMXF) CEO John Carson on Q3 2016 Results - Earn..
2016 Alterra Power reports Q3 results
Advertisement
Financials ($)
Sales 2016 73,3 M
EBIT 2016 -
Net income 2016 0,90 M
Debt 2016 406 M
Yield 2016 0,75%
P/E ratio 2016 31,83
P/E ratio 2017 19,89
EV / Sales 2016 8,70x
EV / Sales 2017 8,22x
Capitalization 232 M
More Financials
Chart ALTERRA POWER CORP
Duration : Period :
Alterra Power Corp Technical Analysis Chart | AXY | CA02153D2014 | 4-Traders
Full-screen chart
Technical analysis trends ALTERRA POWER CORP
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 4
Average target price 5,23 $
Spread / Average Target 31%
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 CORP1.73%232
EDP RENOVÁVEIS-4.24%5 375
BROOKFIELD RENEWABLE P..-4.24%4 807
CHINA CONCH VENTURE HO..1.01%3 246
NORTHLAND POWER INC.0.68%3 033
CPFL ENERGIAS RENOVAVE..0.17%1 869
More Results