Atlantic Power to buy remaining 50% stake in Koma Kulshan hydro project [Seeking Alpha]
ATLANTIC POWER CORP (AT)
Last atlantic power corp earnings: 2/27 05:13 pm
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Source: Seeking Alpha
Atlantic Power to buy remaining 50% stake in Koma Kulshan hydro projectAtlantic Power (NYSE:AT)agrees to acquire Covanta's (NYSE:CVA) 50% interest in Koma Kulshan, a 13 MW run-of-the-river hydro project located north of Seattle, for $11.8M and will become the project's 100% owner and operator.Koma Kulshan has been in commercial operation since 1990, and all output is sold to Puget Sound Energy under a power purchase agreement that runs through March 2037."This is an important milestone for Atlantic Power as it marks the first external growth investment after a three-year business restructuring process," says AT President and CEO James Moore Jr.Click to subscribe to real-time analytics on ATNow read:Covanta (CVA) Presents At Stifel 2018 Cross Sector Insight Conference - Slideshow »
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