Iceland: HS Orka Loan Re-Finance Will Fund Development at Reykjanes Geothermal Plant

Alterra Power Announces $133 Million Refinancing at HS Orka (News Release)

Power in the Dark (Reykjanes geothermal field) [GRC PHOTO CONTEST HONORABLE MENTION] Robert Zierenberg, Davis, California, USA

Alterra Power Corp. has announced the execution of a US$133 million (€112 million) refinancing of the corporate loans at its Icelandic subsidiary, HS Orka hf. 

Primary uses of loan proceeds includes drilling and other field development activities at the Reykjanes geothermal operation, and the retirement of €52 million of currently outstanding loans.

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