Alterra Completes Further Peruvian Joint Venture

VANCOUVER, Jan. 16, 2014 /CNW/ - Alterra Power Corp. (TSX: AXY) announces the 
completion of a further joint venture with Energy Development Corporation 
(EDC) covering the remainder of Alterra's geothermal development assets in 
Peru. Under the agreement, EDC will get a 70% interest in the development 
asset portfolio and will be funding 100% of the next $6 million of development 
costs. Next activities for these concessions will include advanced exploration 
activities designed to identify the best locations for power plant development 
and construction. 
About Energy Development Corporation (EDC) 
EDC is a Philippines-based global leader in the geothermal energy industry 
that has been developing and operating power plants since 1977. The company's 
operating portfolio of 11 geothermal power plants and two hydro facilities 
totals 1,262 megawatts of capacity. EDC has been actively expanding its 
project portfolio to Indonesia, Peru and Chile. 
About Alterra Power Corp. 
Alterra Power Corp. is a leading global renewable energy company, operating 
six power plants totaling 566 MW of generation capacity, including British 
Columbia's largest run-of-river hydro facility and largest wind farm, two 
geothermal facilities in Iceland, and a geothermal plant in Nevada. Alterra 
owns a 260 MW share of this capacity, generating approximately 1,300 GWh of 
clean power annually. 
Alterra has an extensive portfolio of exploration and development projects and 
a skilled international team of developers, explorers, builders and operators 
to support its growth plans. 
The company trades on the Toronto Stock Exchange under the symbol AXY and OTC 
in the United States as MGMXF. 
Cautionary Note regarding Forward-Looking Statements and Information 
This news release contains certain "forward-looking information" within the 
meaning of Canadian securities laws, which may include, but is not limited to, 
statements with respect to future events or future performance, the 
fulfillment of all conditions precedent to the obligation of the parties under 
the agreements, required consents and third party approvals. This news release 
also contains statements with respect to our plans to expand our operations, 
management's expectations regarding our growth, business prospects and 
opportunities and energy generation capacities. Such forward-looking 
information reflects management's current beliefs and is based on information 
currently available to management.

SOURCE  Alterra Power Corp. 
Peter Lekich, Corporate Communications Alterra Power Corp. Phone: 604.235.6719 
To view this news release in HTML formatting, please use the following URL: 
CO: Alterra Power Corp.
ST: British Columbia
-0- Jan/16/2014 13:55 GMT
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