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.
