S & C Electric id242
in News Departments > Projects & Contracts

Alterra Power Corp. has announced that the Dokie General Partnership (DGP), a 51%-49% partnership between Alterra Power and GE Energy Financial Services that owns the Dokie wind farm in British Columbia, has exercised a one-time right in its power purchase agreement (PPA) with B.C. Hydro to increase its firm energy allotment by 10%.

Because the firm energy allotment is the highest-priced tranche of the PPA, the increase in power priced under that allotment is expected to result in an average annualized net revenue increase from DGP of 1.2%, according to Alterra Power.

The increase becomes effective May 1 and is subject to review and renewal every five years for additional five-year periods.

In addition, on Feb. 16, the final completion certificate for Dokie was issued to Mortenson Canada Corp., the major contractor, formally marking the completion of all construction activities.

Register here to receive our Latest Headlines email newsletter
Suggested for you