Interviewee: Cliff Grandison
Company: Alaska Hydro Corporation
Trading Symbol: TSX.V: AKH
About Cliff Grandison
Mr. Grandison is currently a self-employed consultant has been consulting services since 1992. He is currently the CEO and a Director of Skyline Gold Corp., a TSX Venture Exchange listed company (since April 2000). He served as CEO and as a director of Coast Mountain Power Corp. from incorporation in November 2000 until September 2006. During that time, Coast Mountain completed its initial public offering as a CPC, completed its Qualifying Transaction, and was ultimately acquired by NovaGold Resource Inc. for aggregate consideration of $43.5 million.
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. Mr. Grandison received a Bachelor of Arts degree from the University of British Columbia in 1963.
About Alaska Hydro Corporation
Alaska Hydro Corporation is engaged in the development of renewable energy projects focused primarily on hydroelectric power generation for resource development in northern climates. Northern British Columbia is undergoing significant resource development with new mines and LNG plants in different stages of planning and construction. These projects, and others to follow, will require a long term reliable supply of power. Since the Northwest Transmission line does not have the capacity to meet all the potential demand for energy, significant opportunity exists for Projects that would provide much needed additional sources of energy at the end of a long and vulnerable transmission line.
Alaska Hydro Corporation was incorporated on October 16, 2006 (as Project Finance Corp.) under the British Columbia Business Corporations Act. The Company’s shares are listed on the TSX Venture Exchange (“TSX-V”) under the symbol “AKH” as a Tier 2 industrial issuer.
Alaska Hydro Corporation is currently working to develop the More Creek Hydroelectric Project (the “Project”) which will be located on More Creek which flows into the Iskut River approximately 130 km north of the town of Stewart in northwestern British Columbia. The Project will store water at the head of the More Creek canyon using an 84 m high roller compacted concrete dam to create a water storage reservoir. The anticipated size of the water storage reservoir will be approximately 3000 ha at full operating level with a live storage (useable) volume of approximately 870 million cubic meters.
The maximum output of the Project facility is estimated between 70-75 MW resulting in a project that would generate approximately 306 GWh of energy per year at the site. Water from the dam will be directed through the intake into to a 1000 m long tunnel to an above ground powerhouse where the water will pass through the generating units and discharge back to More Creek via a short canal. The Project will use a single wood pole 138 kV transmission line to interconnect to a point near Bob Quinn Lake. The energy generated will be sold to BC Hydro under a long-term energy purchase agreement to be negotiated.
Water storage created by the Project will be used to seasonally regulate the flows of More Creek through the powerhouse and ensure instream flow releases are provided to More Creek, downstream of the intake, year-round. An instream flow release will be provided to the diversion reach downstream of the intake to maintain fish and fish habitat in this section of More Creek. Fish screens will be installed at the intake, where required.
Road access to the Project will be by Provincial Highway 37 and will require approximately 11.5 km of access roads from the Highway including the construction of a 130 m bridge across the Iskut River.
Detailed information about the More Creek Hydroelectric Project can be found in the technical reports