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Alaska Hydro

Location: North Vancouver, BC

Sector: Energy & Mining.

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Alaska Hydro is in the permitting stage of a 75 MW hydroelectric storage dam and generating plant on More Creek in north western BC. The project is planned to generate approximately 346 GWh of electricity annually and deliver the Energy to BC Hydro’s substation at Bob Quinn Lake on Highway 37.

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MG cp Summary

Peak Capacity – Most recent hydroelectric projects have been run of river with the result being energy is produced when not needed and lower demand results in lower prices. The More Creek project can store water and deliver power in peak demand periods at higher prices.

 

Green Energy – Hydro electric energy is considered green as it does not produce CO2. Coal-fired and gas-fired electricity generators produce green house gases and as a result are coming under severe regulation. Some producers incur huge costs to comply or be shut down . There is or will be a carbon tax added to production cost of carbon-based electricity producers which will increase operating costs and reduce their competitiveness in the market.

 

Carbon Offsets – Green energy producers create carbon credits that can be sold or used in cap and trade with projects that generate high volumes of CO2 to generate additional revenue.

 

Low Reliable Input Costs – Hydro projects do not have volatile input costs. Carbon based generators are subject to the vagaries of commodity markets which create significant long-term operating cost risk.

 

Financing – Owners who have projects that rely on carbon based fuels cannot sign long-term fixed sales contracts and as a result cannot provide security for long-term project financing.

 

Tax benefits – Flow through financing allows investors to write off the purchase of shares against income.

Alaska Hydro is in the permitting stage of a 75 MW hydroelectric storage dam and generating plant on More Creek in north western BC. The project is planned to generate approximately 346 GWh of electricity annually and deliver the Energy to BC Hydro’s substation at Bob Quinn Lake on Highway 37.

Cliff Grandison, Director, Co-chair, and President

Mr. Grandison has been a self-employed consultant since 1992. He served as CEO and as a director of Coast Mountain Power Corp. from incorporation in November 2000 until September 2006 at which time the Company was acquired by NovaGold Resource Inc. Mr. Grandison also served as a director of Kimber Resources Inc., a company listed on the Toronto Stock Exchange and the NYSE Amex, from December 2003 to December 2006 and Skyline Gold Corp From 1992 to 2016. Mr. Grandison received a Bachelor of Arts degree from the University of British Columbia in mathematics and economics in 1963.

Michael Hoole, Director

Mr. Hoole has been a self-employed consultant since 2008. From 1999 to 2008, he served as Vice President and Secretary of Kimber Resources Inc., listed on the TSX and NYSE Amex. He also served as a director of Kimber from 2002 to 2006 and as an officer of Kit Resources Ltd., listed on the TSX Venture Exchange from 1998 to March 1999. Previously, during his career, he was a senior officer of a number of large multinational corporations in the resource sector. He holds a Bachelor of Laws (1968)and a Bachelor of Commerce (1967) from the University of British Columbia.

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Matthew Bell, Director & Co-Chairman

Mr. Bell is a Tlingit Native born and raised in Kake, Alaska. He has served on the city council for the city of Kake and from 1997 to 2010 he was a member of the Board of Directors of the Kake Tribal Corporation. While on KTC Board he was President of Kwaan Power & Energy llc., President of Kake Tribal Fuel Corp. and President of Kwaan Construction llc. Mr. Bell is currently a self employed general contractor and serves on the planning commission for the City & Borough Juneau, Alaska.

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Gordon Loverin, Director

Mr. Loverin is a member of the Tahltan First Nation and former Councilor of the Tahltan Central Council. Mr. Loverin is President of T’senaglobe Media which provides media development services assisting resource companies in meeting environmental and disclosure commitments required by the provincial and federal Environmental Process. He is also Co-chair of the Northwest Transmission Line Coalition and an Associate member of C3 Alliance Corp. which creates relationships between indigenous peoples, resource businesses, governments, and communities.

Chris Spens, Director

Mr. Spens has over 30 years of land use planning, regulatory and environmental science experience. He has worked in the hydropower industry since 2007 providing regulatory feasibility analysis, strategic compliance planning and environmental impact assessments. He has been involved in many aspects of natural resource management ranging from forestry and watershed protection to restoration of contaminated waste sites. He graduated from Western Washington University in 1983 with a Bachelor of Science degree in Freshwater Sciences.

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Greg Sunell Director

Mr. Sunell is the President and Director of Synex Int’l, a TSX listed company, involved in consulting, building and operating hydro projects in BC. He is a professional engineer and brings a history of design, construction, operation and management skills required for hydro electric projects. He is also a director of Upnit Power which developed and operates the China Creek project in Port Alberni, majority owned by the Hupacasath First Nation projects. He was a director of Coast Mountain Power and involved at the early stages of the Forrest Kerr 195 MW project developed by Coast Mountain that is now owned and operated by Alta Gas.