TSX : AXY
VANCOUVER, Dec. 12, 2012 /CNW/ - Alterra Power Corp. (TSX: AXY) and
Fiera Axium Infrastructure are pleased to announce that they are now
partners at the 235 MW Toba Montrose run-of-river hydro facility and
the 144 MW Dokie 1 wind farm in British Columbia, effective December 7.
A consortium of Canadian investors led by Fiera Axium purchased GE
Energy Financial Services' partnership interests, and now owns a 60%
interest in Toba Montrose and a 49% interest in Dokie 1. Alterra's
ownership interests in these facilities are unchanged at 40% and 51%
John Carson, Alterra's Chief Executive Officer, said, "Fiera Axium has a
strong track record of success in British Columbia and elsewhere. So
we're very pleased to have them as partners on some of our core
operating assets, and will be looking at other ways to work together as
Stéphane Mailhot, Fiera Axium Infrastructure's President and Chief
Operating Officer, said, "We are delighted to provide our investors
with access to first-class hydro and wind generation facilities
alongside Alterra, a leading renewable energy company. We look forward
to a long and fruitful partnership."
About Alterra Power Corp.
Alterra Power Corp. is a leading global renewable energy company.
Alterra operates six power plants totaling 567 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 298 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.
About Fiera Axium Infrastructure
Fiera Axium Infrastructure Inc. is an independent portfolio management
firm dedicated to generating long-term investment returns through
investing in core infrastructure assets. The firm combines the
capabilities of a group of professionals with extensive infrastructure
development and management backgrounds, with the fund management
expertise of one of Canada's leading independent fund managers in Fiera
Capital Corporation (TSX: FSZ). Its management team comprises
infrastructure investment specialists with decades of combined
experience acquiring, developing, financing, operating and managing
infrastructure assets. Fiera Axium Infrastructure is jointly controlled
by Fiera Capital and Axium Infrastructure Management.
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:
Anders Kruus, Vice President, Corporate Relations
Alterra Power Corp.
Dominic Chalifoux, Vice President
Fiera Axium Infrastructure