TSX : AXY
VANCOUVER, May 21, 2013 /PRNewswire/ - Alterra Power Corp. (TSX: AXY) announces that long time director Paul Sweeney retired as a director of the Company at its Annual General Meeting on May 14, 2013. Mr. Sweeney was replaced by John Carson, who has been the Company's CEO since September 2011 and brings extensive transactional and financial experience to the Board, including ten years in the renewable power industry. The Company wishes to thank Mr. Sweeney for his years of service, and the pivotal role he played in the development of Alterra over the years.
About Alterra Power Corp.
Alterra Power Corp. is a leading global renewable energy company. Alterra operates six power plants totaling 566 MW of capacity, including two geothermal facilities in Iceland, a geothermal plant in Nevada, British Columbia's largest run-of-river hydro facility and the province's largest wind farm. The company's 297 MW share of production capacity generates approximately 1,400 GWh of clean power annually. Alterra also has an extensive portfolio of exploration and development projects, a skilled international team of developers, explorers, builders and operators to support its growth plans.
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.
SOURCE Alterra Power Corp.