Alterra Power (TSE:AXY) has announced that its newest power plant, the Jimmie Creek run-of-river hydroelectric project that has been under construction since 2014, achieved its full capacity output of 62 MW for the first time on June 29.
On the same day, Alterra’s East Toba and Montrose plants achieved 238 MW of gross output, for a total of 300 MW of output from the three plants, which Alterra co-owns with funds managed by Axium Infrastructure, Alterra said in a news release.
“After a two-year construction period, we are excited to see Alterra’s latest renewable project operating at full strength,” said Jay Sutton, Alterra’s vice president of hydro operation. “The Jimmie Creek project remains ahead of schedule and under budget, and will be a strong addition to Alterra’s hydro generation portfolio.”
Jimmie Creek is currently selling its power under a contract with Powerex Corp. Alterra expects the project to achieve full commercial operations in August, when it will begin selling 100% of its power under a 40-year contract with BC Hydro.
Alterra Power is a leading global renewable energy company, operating six power plants totaling 757 MW of generation capacity including the Shannon wind project in Texas.