April 13, 2009

Plutonic Power’s Upper Toba Valley hydroelectric project moves ahead

VANCOUVER

Plutonic Power Corporation’s Upper Toba Valley hydroelectric project is moving forward after passing its environmental assessment.

The Project is comprised of three run-of-river facilities respectively located on the Upper Toba River, Jimmie Creek and Dalgleish Creek, all of which are in the Toba Valley 150 kilometres north of Powell River.

The granting of the Certificate represents a successful conclusion to a comprehensive environmental assessment process that has involved significant consultation with government agencies, public stakeholders and the Klahoose First Nation. The project will result in a relatively small footprint by leveraging the existing infrastructure and utilizing the same transmission line for the 196 MW East Toba River Montrose Creek project, which is currently under construction in the Toba Valley by Plutonic Power and its investment partner GE Energy Financial Services.

“The Upper Toba Valley Project will provide green employment opportunities during the construction phase and further significant local purchasing and community benefit for the Sunshine Coast area, building on the relationships we have already established for the Toba Montrose Project, while helping address the bigger issue of climate change,” said Plutonic Power vice-chair and CEO Donald McInnes.

DCN News Services

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