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BRIEF-Atlantic Power To Acquire Partner Interests In Koma Kulshan Hydro Project

Published 2018-07-03, 07:34 a/m
© Reuters.  BRIEF-Atlantic Power To Acquire Partner Interests In Koma Kulshan Hydro Project

July 3 (Reuters) - Atlantic Power Corp AT.N :

* ATLANTIC POWER CORPORATION ANNOUNCES AGREEMENT TO ACQUIRE PARTNER INTERESTS IN KOMA KULSHAN HYDRO PROJECT

* ATLANTIC POWER CORP - ON JUNE 29, EXECUTED AN AGREEMENT TO ACQUIRE COVANTA'S 50.00% INTEREST IN KOMA KULSHAN FOR $11.8 MILLION

* ATLANTIC POWER CORP - CO TO BUY OUT OPERATION AND MAINTENANCE CONTRACT HELD BY COVANTA FOR $0.3 MILLION

* ATLANTIC POWER CORP - UPON CLOSING OF TRANSACTION WITH COVANTA, ATLANTIC POWER WILL OWN 100% OF PROJECT AND WILL BECOME PROJECT OPERATOR

* ATLANTIC POWER CORP - PLANS TO FUND ACQUISITION OF PARTNER INTERESTS IN KOMA KULSHAN HYDRO PROJECT FROM DISCRETIONARY CASH

* ATLANTIC POWER CORP - TOTAL CONSIDERATION OF $13.2 MILLION FOR KOMA KULSHAN

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