Plutonic Power and GE Energy Financial Services report their 196-MW East Toba River and Montrose Creek project is on budget and on schedule heading into the winter season.
The companies announced Oct. 31 the C$660 million (US$556 million) project is one-third complete. All major road and bridge access is complete. The focus now turns to key groundwork preparation for the powerhouses, penstocks, and intake structures for the project’s next phase.
The project features two developments, 123-MW East Toba River and 73-MW Montrose Creek. It is on target for operation to begin in mid-2010, the companies said.
In addition to partnering on the project, Plutonic Power and GE Energy Financial Services agreed to partner on a bid to develop more than 1,000 MW of hydroelectric capacity at 21 sites in the Upper Toba Valley and Bute Inlet along British Columbia southwest coast. (HNN 8/15/08)