Laura Walz, Powell River Peak, January 30, 2013
Alterra receives 20 for Bute Inlet and five for Toba Inlet
BC’s government has issued over two dozen investigative licences to Alterra Power Corporation for waterpower projects.
Alterra Power and Fiera Axium Infrastructure Announce Partnership in Toba Montrose and Dokie 1 Facilities
News Release, Alterra & Fiera Axium, December 12 2012
VANCOUVER - 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% respectively.
Laura Walz, Powell River Peak, December 19, 2012
Montrose plant may be offline until spring
A large rockslide has damaged the 88-megawatt Montrose hydroelectric facility in the Toba Valley.
JUSTINE HUNTER, Globe and Mail, Jul. 14, 2011
Hoping to resurrect an ambitious run-of-the-river project that would rival the capacity of BC Hydro’s proposed Site C dam, Alterra Power will sign a partnership agreement with the Homalco First Nation on Friday, handing the tiny band $1.5-million in exchange for an agreement that would allow the Bute Inlet hydroelectric project to proceed in its traditional territory.
Canadian Press, Globe and Mail, Mar 07, 2011
Magma Energy Corp. (MXY-T1.17-0.05-4.10%) plans to acquire Plutonic Power Corp (PCC-T2.630.218.68%) in an agreement to create a company they say is worth about $575-million.
Magma's current focus is on geothermal power and Plutonic is mainly involved with hydroelectric and wind power as well as some solar-electric projects.
TIM KILADZE, Globe and Mail, March 7, 2011
Instead of being cryptic about the real reason for their merger, the heads of Magma Energy Corp. (MXY-T1.17-0.05-4.10%) and Plutonic Power Corp. (PCC-T2.620.208.26%) have come right out and said it: scale.
“The power business is all about the cost of capital and size really does matter,” said Ross Beaty, Magma’s head, on a conference call Monday.
News Release, Magma Energy Corp. and Plutonic Power Corporation, March 7, 2011
Vancouver, B.C., Canada, March 7th, 2011 - Magma Energy Corp (TSX:MXY) and Plutonic Power Corporation (TSX:PCC) today announced that they have entered into an arrangement agreement (the "Arrangement Agreement") to merge and create Alterra Power Corp. ("Alterra"), a leading renewable power producer, with a post-deal market capitalization of approximately $575 million.