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Alterra Power
Alterra Power Corp. is a diversified renewable power generation company based in Vancouver, British Columbia, Canada. It was formed in 2011 through the merger of Magma Energy Corp. and Plutonic Power Corp. It develops geothermal, hydroelectric, wind, and solar energy projects. The company is listed under (AXY ) on the Toronto Stock Exchange, and has a secondary listing OTC in the USA under (MGMXF:US ).〔()〕 ==Merger== On 7 March 2011, it was announced that Magma Energy and Plutonic Power would merge to create Alterra Power Corp.〔(【引用サイトリンク】url=http://www.newswire.ca/en/story/798309/magma-energy-corp-and-plutonic-power-corporation-announce-merger-to-create-alterra-power-corp )〕 Magma Energy was renamed Alterra Power and each shareholder of Plutonic Power received 2.38 shares of Magma for each Plutonic share held. As a result, the merged company owns two geothermal power plants in Iceland, and one in Nevada, one run of river hydro plant and one wind farm in British Columbia and an option on a solar project in Ontario. Executive Chairman of Alterra Power is Ross Beaty (founder of Magma Energy) and the CEO is John Carson.〔(【引用サイトリンク】url=http://www.alterrapower.ca/corporate-profile/Management/default.aspx )〕
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