Deal Snapshot
ATLANTIC POWER TO ACQUIRE KOMA KULSHAN HYDRO PROJECT FOR USD 11.8M
Wednesday 11 July 2018

Massachusetts, US-based power producer Atlantic Power Corp. (NYSE: AT) (TSX: ATP) has executed an agreement to acquire Covanta's 50% of Washington, US-based hydro project Koma Kulshan for USD 11.8m, the company said.
In addition, the company said it will buy out the operation and maintenance contract held by Covanta for USD 0.3m. The transaction is expected to close in 3Q18. Upon closing of the transaction with Covanta, Atlantic Power will own 100% of the project and will become the project operator.


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Details
Date Published: 11/07/2018
Target: Koma Kulshan/final 50%
Country: USA
Deal Size: 11.8m (USD)
Sector: Alternative Energy
Type: Corporate acquisition
Financing: Cash
Status: Agreed
Vendor: Covanta
Buyer: Atlantic Power
Comment:
Upon closing of the transaction with Covanta, Atlantic Power will own 100% of the project and will become the project operator

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