Alterra Power Corp. ("Alterra") and funds managed by Axium Infrastructure Inc. ("Axium") are pleased to announce the commencement of full commercial operations at the Jimmie Creek run-of-river hydroelectric project. The 62 MW Jimmie Creek project is now selling 100% of its renewable power under a 40-year energy purchase agreement with BC Hydro that expires in 2056. Alterra (51%) and Axium (49%) co-own the project, which is operated by Alterra in cooperation with our partners, Klahoose First Nation, Tla'amin Nation, and shíshálh Nation.
"We are excited to mark this milestone for Jimmie Creek, which represents another strong addition to Alterra's renewable power fleet, and continues our unbroken string of projects delivered on time and on or under budget," said Jay Sutton, Alterra's VP of Hydro Operations.
"The commencement of Jimmie Creek adds another quality hydro operation to our funds as a result of the strength of our partnership with Alterra", added Dominic Chalifoux, Vice President and Senior Asset Operations Director of Axium.
- See more at: http://www.alterrapower.ca/news/Press-Release/News-Releases/News-Releases-Details/2016/Alterra-Power-and-Axium-Infrastructure-Begin-Commercial-Operations-at-the-Jimmie-Creek-Project/default.aspx#sthash.VoYokS1O.dpuf
Key data points: The growth forecast = 4.6% annually for the next 7 years. Scroll below to get more insights. This market report covers Trends, opportunities and forecasts in hydro turbine generator unit market to 2031 by type (small hydro(1-50MW), medium hydro(50-100MW), and large hydro(above 100MW)), application (impulse turbines and reaction turbines), and region (North America, Europe, Asia Pacific, and the Rest of the World)
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