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Atlantic Power to buy remaining 50% stake in Koma Kulshan hydro project

Jul. 03, 2018 8:00 AM ETAtlantic Power Corporation (AT-OLD) StockBy: Carl Surran, SA News Editor6 Comments
  • Atlantic Power (NYSE:AT-OLD) agrees to acquire Covanta's (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.

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