Some additional information below pertaining to th
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Posted On: 12/02/2020 5:32:34 PM
Some additional information below pertaining to the project. News release clearly says it has a NPV of $155 million US dollars.
http://www.alaskahydro.com/project/more-creek.php
https://www.alaskahydro.com/pdf/NR/AKH%20NR%2...202018.pdf
ALASKA HYDRO UPDATE ON MORE CREEK HYDRO ELECTRIC PROJECT September 6, 2018 – Vancouver, British Columbia – Cliff Grandison, President of Alaska Hydro Corp. (the Company), TSX:AKH, announced that the Company's consultant, Sigma Engineering has completed a revision to its 75 MW More Creek hydroelectric project Prefeasibility Study. The revisions have been made to include the diversion of water from the Forrest Kerr water shed into the More Creek watershed. The Forrest Kerr Creek is approximately 2.5 km west of the south arm of More Creek and the proposed diversion would be approximately 25 km upstream of its confluence with the Iskut River. Water in excess of 3.7 m3 /s or approximately 21.36 m3 /s of the mean annual flow will be diverted to More Creek and increase annual generation from 345 GWh to 448 GWh and revenue potential from $34.5 million to $44.8 million, an increase of 30%. Total construction cost is expected to increase from $ 191,247,020 to $242,223,320. The rate of return or IRR is estimated to be 33.61% and the Net Present Value at a 10% discount rate is estimated to be $154,924,278. The financial result of the revised prefeasibility study confirms that the More Creek project is financially robust and will be subjected to a full feasibility study with the revised design criteria. The More Creek project is in both the federal CEAA environmental assessment process and the BC EAO environmental assessment process. The Forrest Kerr diversion will require an amendment to the project description and every effort will be made to continue with the environmental assessments without being setback by the design change. The More Creek storage dam and generator will not require any design change to handle the increased flow resulting from the diversion from Forrest Kerr Creek. The Company is seeking joint venture partners to take the project through the engineering and permitting stage. For further information, please contact: Cliff Grandison, President (604) 929-3961
http://www.alaskahydro.com/project/more-creek.php
https://www.alaskahydro.com/pdf/NR/AKH%20NR%2...202018.pdf
ALASKA HYDRO UPDATE ON MORE CREEK HYDRO ELECTRIC PROJECT September 6, 2018 – Vancouver, British Columbia – Cliff Grandison, President of Alaska Hydro Corp. (the Company), TSX:AKH, announced that the Company's consultant, Sigma Engineering has completed a revision to its 75 MW More Creek hydroelectric project Prefeasibility Study. The revisions have been made to include the diversion of water from the Forrest Kerr water shed into the More Creek watershed. The Forrest Kerr Creek is approximately 2.5 km west of the south arm of More Creek and the proposed diversion would be approximately 25 km upstream of its confluence with the Iskut River. Water in excess of 3.7 m3 /s or approximately 21.36 m3 /s of the mean annual flow will be diverted to More Creek and increase annual generation from 345 GWh to 448 GWh and revenue potential from $34.5 million to $44.8 million, an increase of 30%. Total construction cost is expected to increase from $ 191,247,020 to $242,223,320. The rate of return or IRR is estimated to be 33.61% and the Net Present Value at a 10% discount rate is estimated to be $154,924,278. The financial result of the revised prefeasibility study confirms that the More Creek project is financially robust and will be subjected to a full feasibility study with the revised design criteria. The More Creek project is in both the federal CEAA environmental assessment process and the BC EAO environmental assessment process. The Forrest Kerr diversion will require an amendment to the project description and every effort will be made to continue with the environmental assessments without being setback by the design change. The More Creek storage dam and generator will not require any design change to handle the increased flow resulting from the diversion from Forrest Kerr Creek. The Company is seeking joint venture partners to take the project through the engineering and permitting stage. For further information, please contact: Cliff Grandison, President (604) 929-3961
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