Alterra Power Corp. Names Interim Chief Financial Officer

TSX : AXY

VANCOUVER, Feb. 25, 2013 /CNW/ - Alterra Power Corp. (TSX: AXY) announces that Lynda Freeman has been appointed Interim Chief Financial Officer, replacing Peter Wong, who will be leaving the company to pursue other interests.

Ms. Freeman originally joined the company as Corporate Controller in May 2010 and was appointed Director of Finance for Alterra in July 2011. Prior to this, she spent over ten years with PricewaterhouseCoopers in the United Kingdom, Australia and Canada. Ms. Freeman earned her BA Honours degree in Accountancy and Law at Oxford Brookes University and is a UK qualified Chartered Accountant (ACA).

"On behalf of Alterra, I would like to thank Peter Wong for his many contributions to the company. We wish him well in his future endeavors. Lynda Freeman has worked closely with Peter during her time at Alterra and has played a key role in every aspect of our financial reporting. She is a strong team leader, and is thoroughly prepared for this role." said John Carson, Chief Executive Officer.

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.

Peter Lekich, Corporate Communications
Alterra Power Corp.
Phone: [phone]
Email: [email protected]