shishalh Nation and Plutonic Power sign second comprehensive Impact Benefits
Agreement
Plutonic Power Corporation and the shishalh Nation are currently parties to an existing IBA for development of the
"This benefits agreement between the shishalh Nation and Plutonic Power represents a significant milestone for the shishalh Nation. Quality green energy developments, achieved in partnership with First Nations and respectful of our land, our culture and our people, represent real economic opportunity and a better tomorrow for all. We will continue to work constructively and creatively on quality IPP opportunities throughout our territory, ensuring that we achieve true partnership and true benefits like we have achieved today with Plutonic," said shishalh Nation Chief Garry Feschuk.
With the signing of this agreement, the shishalh Nation and Plutonic Power have agreed to the terms by which transmission infrastructure will be built in shishalh traditional territory to support future renewable energy projects.
"We are extremely proud to be signing this agreement today with the shishalh Nation - one of the leading First Nations in BC working on renewable energy projects," said
The specific terms of the IBA remain confidential, however the agreement includes: revenue sharing provisions; job, training and contracting opportunities; environmental considerations; protection of cultural and heritage resources; access understandings; signing bonus and innovative provisions to ensure future transmission access is effectively and fairly managed in shishalh Nation Traditional Territories.
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
For further information: For further information: Elisha McCallum, Plutonic Power Corporation - Media/Community Relations, Office: (604) 669-4999 x1047, [email protected]; Lisa May, Plutonic Power Corporation - Investor Relations, Office: (604) 669-4999, Cell: (603) 314-3362, [email protected]
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