Fiera Axium takes 49% stake in Jimmie Creek hydroelectric project

Fiera Axium Infrastructure, an affiliate of Montréal-based investment management firm Fiera Capital Corp (TSX: FSZ), and Alterra Power Corp (TSX: AXY) have agreed to share ownership of the Jimmie Creek hydroelectric project, a provider of 62 MW of power capacity to British Columbia that will become operational in 2016. Alterra will hold a 51% interest in the project and Fiera Axium will hold 49%. The financial terms of the transaction were not published. With more than $970 million in managed assets, Fiera Axium invests in energy, transportation and social infrastructure.

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