in News Departments > Projects & Contracts
print the content item

Vancouver-based renewable energy company Alterra Power Corp. has revised the power purchase agreement for its 62 MW Jimmie Creek run-of-river hydroelectric project.

Under the amended agreement, Alterra says the Jimmie Creek project will sell 100% of its power to Canadian utility BC Hydro for 40 years, commencing in August 2016.

In addition, Alterra has agreed to purchase the 49% project stake currently held by an affiliate of General Electric Energy Financial Services. Upon closing of this transaction, Alterra reports that it will own 100% of the Jimmie Creek project.

"Finalizing this agreement with BC Hydro is an important milestone for Jimmie Creek and will support us placing the project into construction in the first half of 2014," says Jay Sutton, Alterra's vice president of hydro operations.


Hse SandyHook
Latest Top Stories

Does Income Determine Who Benefits The Most From Smart Grids?

According to the Smart Grid Consumer Collaborative, low-income consumers may be at a disadvantage.


Accenture And Siemens Form Smart Grid Joint Venture

OMNETRIC Group will help utilities improve energy efficiency, grid operations and reliability.


Maine Public Utilities Commission: Smart Meters Are Safe

According to a report by the commission, there is no direct link between smart meters and health issues.


Report: Global Solar Deployment Topped Wind In 2013

Research firm Clean Edge finds that solar surpassed wind for the first time since it began tracking international markets in 2000.


HEM Is Key For Utilities To Maintain A Competitive Edge

According to a report by Lux Research, automated meters, electricity rates and renewable energy are crucial to the success of home energy management.

S&C Electric_id176
edf_id