Alterra Power : Feb 21, 2017 Alterra Power Announces Release Date of Audited Results for the Year Ended December 31, 2016

VANCOUVER, Feb. 21, 2017 /CNW/ - Alterra Power Corp. (TSX: AXY) ('Alterra' or the 'Company') will release its audited results for the year ended December 31, 2016 on Wednesday, March 15, 2017 after market close. A conference call and live audio webcast to discuss the results will be held on Thursday, March 16, 2017 at 11:30 am ET (8:30 am PT).

Separately, the Board of Directors has approved a quarterly cash dividend in the amount of C$0.0125 per common share. The cash dividend will be distributed on or about Wednesday, March 15, 2017, to holders of record of common shares as of the close of business on Tuesday, February 28, 2017. Alterra's dividends are designated as eligible dividends for the purposes of the Income Tax Act (Canada), unless otherwise notified.

Conference Call and Webcast Information for December 31, 2016 Year End Results

About Alterra Power Corp.

Alterra Power Corp. is a leading global renewable energy company, operating eight power plants totaling 825 MW of generation capacity including British Columbia's largest run-of-river hydro facility, a wind farm in northern British Columbia, the recently completed Shannon and Jimmie Creek projects, two geothermal facilities in Iceland and a solar facility in Indiana. Alterra owns a 385 MW share of this capacity, generating over 1,700 GWh of clean power annually. Alterra also has an extensive portfolio of exploration and development projects and a skilled team of developers, builders and operators to support its growth plans.

Alterra trades on the Toronto Stock Exchange under the symbol AXY.

Cautionary Note Regarding Forward-Looking Information

Certain statements and information included in this news release are 'forward-looking information' within the meaning of Canadian securities laws that involve risks and uncertainties. Forward-looking information relates to future events or future performance and reflects management's expectations and beliefs regarding future events as of the date hereof. Examples of forward-looking information in this news release include statements regarding, plans or expectations for the declaration of future dividends and the amount thereof, the timing and success of our growth and development programs, and the annual generation of Alterra's projects. Forward-looking information is based on factors or assumptions that were applied in drawing a conclusion or making a forecast or projection. Since forward-looking information relates to future events and conditions, by its very nature it requires making assumptions and involves inherent risks and uncertainties. Alterra cautions that although it is believed that the assumptions are reasonable in the circumstances, these risks and uncertainties give rise to the possibility that actual results may differ materially from the expectations set out in the forward-looking information. Material risk factors and assumptions include the expected power generation and resource availability from our operations is as estimated, our ability or inability to obtain financing or refinancing to pursue our growth strategy and business plans on favourable terms, project operating risks, availability of future cash flows, ability to meet corporate law requirements and board approval of, future dividends, as well as those set out in the management's discussion and analysis section of Alterra's most recent annual and quarterly reports and in Alterra's Annual Information Form for the year ended December 31, 2015. Although Alterra has attempted to identify important factors that could cause actual actions, events or results to differ materially from forward-looking information, there may be other factors that cause actions, events or results not to be as anticipated, estimated or intended. There can be no assurance that forward-looking information will prove to be accurate and undue reliance should not be placed on forward-looking information. Except as required by law, Alterra undertakes no obligation to update any forward-looking information to reflect new information, subsequently or otherwise.

SOURCE Alterra Power Corp.

Peter Lekich, Corporate Communications, Alterra Power Corp., Phone: 604.235.6719, Email: info@alterrapower.ca