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Alterra Power MGMXD

Alterra Power Corp is a renewable energy company. It is primarily focused on development, construction, and operation of renewable power projects. The company's business has four major segments - Construction and Development, Geothermal, Hydro, Wind, and Solar.


OTCPK:MGMXD - Post by User

Post by R_J_on May 27, 2017 1:41am
114 Views
Post# 26291477

News - Flat Top - Power 'hedge' agreement.

News - Flat Top - Power 'hedge' agreement.Alterra Power Signs Revenue Contract for Flat Top Project
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https://www.alterrapower.ca/news/Press-Release/News-Releases/News-Releases-Details/2017/Alterra-Power-Signs-Revenue-Contract-for-Flat-Top-Project/default.aspx
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“Alterra Power Corp. is pleased to announce the signing, via a wholly-owned project subsidiary, of a 13-year power hedge agreement with an affiliate of Citi for its 200 MW Flat Top wind project.”
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I assume this is equivalent to a power purchase agreement.
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Another important  milestone checked off,
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RJ
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