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SOURCE Alterra Power Corp.
VANCOUVER, Sept. 23, 2013 /PRNewswire/ - Alterra Power Corp. (TSX: AXY) is
pleased to announce that generation has resumed at the Montrose hydro
facility, which is part of Alterra's 235 MW Toba Montrose hydro
facility, co-owned with Fiera Axium Western Energy. Repairs of the
facility's penstock, which was damaged in a December 2012 rockslide,
were completed last week. Several site improvements including
protective berms are also nearing completion and will significantly
lessen the likelihood of any future damage or interruption.
Jay Sutton, Alterra's Vice President of Hydro Power, said "We are very
pleased to have this facility fully back on line. I credit our team and
contractors for completing the project in an efficient and, most
importantly, safe manner. We're having an extremely strong generation
season at the site, so it's great to be back to business as usual."
About Alterra Power Corp.
Alterra Power Corp. is a leading global renewable energy company,
managing seven power plants totaling 616 MW of capacity, including
British Columbia's largest run-of-river hydro facility and largest wind
farm, two geothermal facilities in Iceland, a geothermal plant in
Nevada, and a solar facility in Ontario. Alterra owns a 302 MW share of
this production capacity, generating approximately 1,400 GWh of clean
power annually. Alterra also has an extensive portfolio of exploration
and development projects and a skilled international team of
developers, explorers, builders and operators to support its growth
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.
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