TSX : AXY
VANCOUVER, May 7, 2013 /CNW/ - Alterra Power Corp. (TSX: AXY) announces
the appointment of Jon Schintler to the position of Director, Project
Finance / Mergers & Acquisitions, effective immediately. Mr. Schintler
brings extensive experience in leading tax equity and debt financings
in the power sector. Most recently, Mr. Schintler was Director of
Finance at Chicago-based Invenergy LLC, a clean energy company with
nearly 7,000 MW in operation and under construction. Mr. Schintler is a
designated Chartered Financial Analyst and holds a Bachelor of Business
Administration from the University of Iowa.
John Carson, Alterra's Chief Executive Officer, said, "We are pleased to
add someone of Jon's caliber to the Alterra team, particularly with his
deep expertise on the tax structuring side. Given the number of
opportunities and transactions we are working on, Jon will play an
instrumental role in helping us achieve our growth goals and optimizing
our economic returns."
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.