 |
Highlights for the current quarter and subsequently include:
- Power production from Alterra's six power plants of 762,570 MWh was ahead of plan for the quarter, including strong performances at the Svartsengi and Reykjanes geothermal plants offsetting lower than budget production from the Soda Lake geothermal plant.
- Alterra entered into an agreement with Energy Development Corporation, a Philippines-based global leader in the geothermal power industry, which may be advanced into partnerships for the development of the Mariposa geothermal project in Chile and for the development of five geothermal concessions in Peru. The terms allow EDC to earn 70% interests in the partnerships in return for funding the next $58.3 million of expenditures at Mariposa and the next $8.0 million in Peru.
