Alterra Power Corp. (fka MGMXF)

[terry hallinan]

Reaching Darbang in Myagdi district is an ordeal. The rough roads leading from the district capital of Beni are impassable during the rains, requiring you to wade through rivers and perform balancing acts across landslides to get there. So it’s surprising that once you reach there, what greets you is not a sleepy rural village, but a bustling center of economic activity.

The town of Darbang boasts industries including a metal workshop, several furniture manufacturers, a cement block manufacturer, a noodle factory, poultry farms and dairy farms. All these industries have sprung up within the last four years, after the Ruma Khola Micro Hydro Power Plant came into operation in 2009.

http://www.renewableenergyworld.com/rea/news/article/2014/03/renewable-energy-powers-rural-nepal-into-the-future?cmpid=WNL-Friday-March14-2014

There is a point to this wonderful story that investors looking at Alterra Power might easily miss. The isolated village of Darbang in Nepal is utilizing run of river power that is quite distinct from the often destructive dams supplying most hydro power.

Alterra Power also does run of river power on a somewhat larger scale than Darbang.

Best, Terry