NR update on new assets
posted on
Jul 18, 2011 09:11PM
Renewable Energy - Earth's Sustainable Power
Jun. 28, 2011 (Canada NewsWire Group) --
TSX : AXY
VANCOUVER, June 28, 2011 /CNW/ - Alterra Power Corp. (TSX: AXY) is pleased to provide an update on operations and power production at the Toba Montrose hydro facilities, owned by the Toba Montrose General Partnership, and the Dokie wind farm, owned by the Dokie General Partnership. Both facilities are operated by Alterra Power on behalf of the partnerships. As a result of the merger of Plutonic Power with Magma Energy, Plutonic did not release results for the first quarter of 2011. Alterra's next financial report, for its 2011 fiscal year end of 30 June, is not scheduled to be released before mid-September. Alterra therefore provides the following interim update:
Bruce Ripley, Alterra's Chief Operating Officer, said, "I am pleased that our inaugural year at the Toba Montrose hydro facilities is shaping up to be an exceptional one due to the favourable snowpack that creates our generation base for much of the year. I am also pleased at the good operating performance of our Toba Montrose and Dokie facilities and commend our management teams at each of these operations for their excellent work."
About Toba Montrose General Partnership