TSX : AXY
VANCOUVER, May 21, 2013 /CNW/ - Alterra Power Corp. (TSX: AXY) announces
that long time director Paul Sweeney retired as a director of the
Company at its Annual General Meeting on May 14, 2013. Mr. Sweeney was
replaced by John Carson, who has been the Company's CEO since September
2011 and brings extensive transactional and financial experience to the
Board, including ten years in the renewable power industry. The
Company wishes to thank Mr. Sweeney for his years of service, and the
pivotal role he played in the development of Alterra over the years.
About Alterra Power Corp.
Alterra Power Corp. is a leading global renewable energy company.
Alterra operates six power plants totaling 566 MW of capacity,
including two geothermal facilities in Iceland, a geothermal plant in
Nevada, British Columbia's largest run-of-river hydro facility and the
province's largest wind farm. The company's 297 MW share of production
capacity generates approximately 1,400 GWh of clean power annually.
Alterra also has an extensive portfolio of exploration and development
projects, 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.
For further information:
Peter Lekich, Corporate Communications
Alterra Power Corp.