Alterra Power Corporation signs MOU to develop 15 MW hydroelectric project

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Alterra Power Corporation signs MOU to develop 15 MW hydroelectric project

Alterra Power Corp. and the Klahoose First Nation are pleased to announce they have signed a memorandum of understanding (MOU) under which Alterra and the Klahoose will work together to develop the 15 MW Tahumming River hydroelectric project, which is located near the Toba Montrose and Jimmie Creek projects in the traditional territory of the Klahoose.

The Klahoose First Nation is an Indian Act-mandated government in southwestern British Columbia, Canada.

The parties plan to submit the project into BC Hydro and Power Authority's Standing Offer Program upon completion of the project's environmental assessment certificate.

Klahoose Chief James Delorme said:

"This agreement between the Klahoose First Nation and Alterra builds on our Toba Montrose and Jimmie Creek agreements and represents another significant milestone for our nation. The Klahoose First Nation supports quality green energy development in our traditional territories, achieved with a partner that is respectful of our land, our culture and our people. As we work together with Alterra and our Klahoose members on the best practices for this project we see the potential for success.We value the work our past leaders have done for us to get us to this place."

Jay Sutton, Alterra's Vice President, Hydro Power said:

"We value our relationship with the Klahoose First Nation and are grateful for their continued support of run-of-river hydro projects in their traditional territory. We look forward to working together on a third environmentally responsible project in the Toba Valley that will benefit the Klahoose First Nation and all British Columbians."

Alterra Power Corp. is a leading global renewable energy company, operating five power plants totaling 553 MW of generation capacity, including British Columbia's largest run-of-river hydro facility and largest wind farm, and two geothermal facilities in Iceland. Alterra owns a 247 MW share of this capacity, generating over 1,250 GWh of clean power annually.

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