Significant Milestone Leading to Project Commissioning
VANCOUVER, March 12 /CNW/ - Plutonic Power Corporation is very pleased to confirm the transmission line from the East Toba River and Montrose Creek Hydroelectric Project is ready to be connected to the BC Transmission Corporation's new Saltery Bay Substation (SAY). The line will be energized this month with power purchased from BC Hydro to allow for commissioning and testing of electrical components related to the project. Plutonic Power acknowledges the excellent work performed by BCTC in energizing the Saltery Bay substation ahead of schedule.
"Energizing the transmission line is a very exciting step in realizing operations for the Toba Montrose project," said Plutonic Power Vice-Chair and CEO, Donald McInnes. "This is a tremendous year for Plutonic, moving from a development company into operations and revenue generation. We are very proud of how far we have come in such a short period of time."
The line is scheduled to be energized March 20, 2010. Contractor Peter Kiewit Sons Co. will post signage on road crossings to advise the local community of safety clearances around the transmission line. Once the East Toba generating units are synchronized to the BC Hydro system, Plutonic Power will begin to use its own energy to complete testing. Commercial operation of East Toba is planned for July, and Montrose is planned for November 2010.
About the East Toba River and Montrose Creek Hydroelectric Project
The 196-megawatt Toba Montrose Project is Plutonic Power and GE Energy Financial Services's flagship run-of-river hydroelectric project, developed in conjunction with First Nations partners, the Klahoose, Sliammon and Sechelt First Nations. Construction on the project is over 90% complete; main components that remain to be completed include the Montrose Creek penstock and powerhouse, which are currently on-schedule.
About Plutonic Power Corporation
British Columbia-based Plutonic Power is a Canadian leader in clean energy development. Our vision is to create a legacy through the development of renewable, reliable, clean energy projects. Plutonic is a partner in 340 megawatts of hydro and wind projects that are under construction. In 2010, commercial operations will start at the $660 million, 196 megawatt East Toba River and Montrose Creek run-of-river hydroelectric project. Active construction is also underway on the $227.5 million, 144 megawatt Dokie Wind Project, diversifying Plutonic Power's clean energy portfolio. Plutonic is committed to working in partnership with First Nations, stakeholder groups and local communities in the development of all of its projects. By developing its suite of projects, Plutonic will help British Columbia realize its goal of becoming electricity self-sufficient by 2016 utilizing 90% clean domestic generation sources, will create employment opportunities and will play a significant role in the fight against climate change.
SOURCE PLUTONIC POWER CORPORATION
For further information: For further information: Elisha McCallum, Plutonic Power Corporation - Media/Community Relations, Office: (604) 669-4999, Cell: (604) 880-0073, email@example.com; Lisa May, Plutonic Power Corporation - Investor Relations, Office: (604) 669-4999, Cell: (604) 314-3362, firstname.lastname@example.org