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28 August 2006 -- Brookfield Power announced today that it has entered into agreements with Alloy Power LLC and West Virginia Alloy LLC (WVA) under which Brookfield Power will acquire Alloy's two hydroelectric generating plants in West Virginia, and subsequently sell power to WVA for its integrated ferroalloy smelter under a 15-year contract.

Brookfield Power will also manage power consumption at WVA's smelter by optimizing its supply sources, which include the two hydro facilities as well as the smelter's thermal generating facilities.

The hydro facilities comprise the Hawks Nest and Glen Ferris generating stations, which are located on the New River and Kanawha River in West Virginia, respectively. Together they have a total installed capacity of 107 MW and produce on average 526 GWh of electricity annually.

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