Alterra Completes Revised PPA for Jimmie Creek Hydro and Acquires 100% of Project
Alterra completed an amendment of its PPA for the 62-MW Jimmie Creek run-of-river hydroelectric project. Under the agreement, the Jimmie Creek project will sell 100% of its power to BC Hydro for 40 years commencing in August 2016. Alterra has also agreed to purchase the 49% project stake currently held by an affiliate of General Electric Energy Financial Services. Upon closing of this transaction, Alterra will own 100% of the Jimmie Creek project. All first nations agreements and environmental permits for Jimmie Creek are in place.