Vancouver, BC - July 25, 2006 - Plutonic Power Corporation (PCC - TSXV) is pleased to announce the appointment of Dr. Peter Flynn to its Board of Directors.
Dr. Flynn has over thirty years of experience in the Canadian energy and
engineering industry. Dr. Flynn is currently a professor in the
Faculty of Engineering and holds the Poole Chair in Management of
Engineers at the University of Alberta. He is also a director of the
Electricity Balancing Pool for the Province of Alberta and is a past and
founding director of Edmonton Power, now known as EPCOR.
Dr. Flynn's career spans various energy and engineering related fields.
He was the President of Corod Industries, an affiliate of GE Canada, a
Vice President of Nova Corporation and Sherritt Inc. and is currently
the director of several not-for-profit organizations. Dr. Flynn has a
Bachelor of Science degree from the University of Delaware, a Masters in
Engineering from Berkley and a PhD in Chemical Engineering from the
University of Alberta.
In consideration of this appointment, the company wishes to announce the
grant of 200,000 incentive common share purchase options, exercisable
at $2.12 for a five year term.
Plutonic Power is an emerging energy producer in British Columbia. Its
proposed 19 projects have a design capacity of over 870 MW and the
potential to generate approximately 2900 GW.h per annum of green energy -
enough energy to meet the annual energy needs of approximately 300,000
homes. Included in the 19 projects is the creation of the Green Power
Corridor, a series of non-storage hydroelectric projects in southwestern
BC, which hold the potential to catapult British Columbia to the
forefront of green energy generation in North America. The completion
of the Green Power Corridor would be through one of the largest single
private sector green energy investments ever made in British Columbia
and would create over 2,400 person-years of employment.
The Company has entered the East Toba and Montrose, Rainy River and
Emory Creek projects into the 2006 BC Hydro Call for Tender (CFT).
These three projects will have a combined capacity of 217.5 MW.
Contracts are expected to be awarded by BC Hydro on Thursday, July 27.
Plutonic is committed to continuously work with First Nations,
stakeholder groups and local communities in the development of its run
of river projects.
On behalf of the Board of Directors,
PLUTONIC POWER CORPORATION
Donald McInnes, President
For additional information please contact:
Office: 604-669-4999 ext 1034
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