Plutonic to develop three more British Columbia projects of 116 MW

Plutonic Power Corp. said April 17 it is seeking regulatory approvals to develop three more hydroelectric projects, totaling 116 MW, near the headwaters of Toba Inlet in British Columbia.

Plutonic said it filed applications to secure a water license and crown land rights for the 28-MW Dalgleish Creek, 48-MW Jimmie Creek, and 40-MW Upper Toba River projects, 100 kilometers north of Powell River, B.C. The projects are expected to generate a total of about 350 gigawatt-hours annually.

Applications were made to B.C.’s Water Stewardship Division in the Ministry of the Environment and the Integrated Land Management Bureau in the Ministry of Agriculture and Lands.

In March, Plutonic signed an agreement with a First Nation to help advance construction of two other hydroelectric projects, the 123-MW East Toba River and 73-MW Montrose Creek projects in the Toba River Valley. (HNN 3/13/07)

�The incremental value of any new sites within the Toba Valley that can be developed taking advantage of infrastructure that we are about to construct will be highly accretive to building value for Plutonic shareholders and stakeholders,� Plutonic President Donald McInnes said.

Plutonic said the addition of the Dalgleish Creek, Jimmie Creek, and Upper Toba River projects brings the total number of development projects in its portfolio to 25.

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