Plutonic Power confident of long term BC Hydro clean power deal

Plutonic Power Corp. officials said they are confident of securing a long-term contract after talks with British Columbia’s electricity utility led to a slimming down of a key hydropower project.

Discussions are continuing with BC Hydro on an Energy Purchase Agreement for the proposed Upper Toba Valley Hydroelectric Project along British Columbia’s southwest coast, Plutonic Power reported.

Plutonic, whose project partner is GE Energy Financial Services, part of General Electric Co., has cut one of three planned run-of-river hydroelectric facilities from its Upper Toba Valley project, the company reported.

Plutonic Power Chief Executive Donald McInnes said the decision to trim the project’s design capacity to 123.4 megawatts from 166 megawatts stemmed from talks with BC Hydro that showed capacity constraints on an area transmission line.

The project now will focus on two run-of-river hydroelectric facilities: Upper Toba River and Jimmie Creek. The original proposal included a hydro facility on Dalgleish Creek.

Plutonic said in a news release it has withdrawn a second project, Bute Inlet, from the clean power bid.

Recently, the Canadian Environmental Assessment Agency reported it is postponing its participant funding process for the proposed Bute Inlet Hydroelectric Project due to changes in timelines associated with the submission of the Environmental Impact Statement.

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