- Three project sites located at Dalgleish Creek, Jimmie Creek and the Upper Toba River
- Total design capacity of approximately 116 Megawatts ("MW")
- Expected to generate approximately 350 Gigawatt hours ("GW.h") of renewable energy annually
Vancouver, British Columbia, April 17, 2007 - Plutonic Power Corporation
(PCC --TSX.V) is pleased to announce that it has successfully completed
Stages 1 and 2 towards securing a Water License and Crown Land rights
from the Integrated LandManagement Bureau (Ministry of Agriculture and
Lands) and the Water StewardshipDivision (Ministry of the Environment),
for the development of three run-of-river non-storage hydroelectric
power generation projects to be located on Dalgleish Creek,Jimmie Creek
and Upper Toba River, near the headwaters of Toba Inlet,
approximately100 km North of Powell River, BC.
These projects have a design capacity of 116 MW and could be expected to
generate approximately 350 GW.h of green energy per year, enough energy
to meet the needsfor approximately 35,000 homes.
"We are very excited by the prospect of developing additional run of
river developmentsites within the Toba Valley," stated Donald McInnes,
President of Plutonic Power."The incremental value of any new sites
within the Toba Valley that can be developedtaking advantage of
infrastructure that we are about to construct will be highly accretiveto
building value for Plutonic shareholders and stakeholders."
The addition of these three projects brings the number of development projects inPlutonic's portfolio to 25.
Plutonic Power is an emerging renewable energy producer in British
Columbia. Itsproposed 25 development projects have a design capacity of
over 1300 MW with thepotential to generate approximately 4,400 GWh per
annum of green energy -enough energy to meet the annual energy needs of
over 440,000 homes. Included in the 25projects is the creation of the
Green Power Corridor, a series of non-storage hydroelectric projects in
southwestern BC, which hold the potential to catapult BritishColumbia to
the forefront of green energy generation in North America. The
completionof the Green Power Corridor would create approximately 3900
person-years of employment.
Plutonic is committed to working with First Nations, stakeholder groups
and localcommunities in the development of all its run of river
On behalf of the Board of Directors,
PLUTONIC POWER CORPORATION
Donald McInnes, President
For additional information please contact:
Office: 604-669-4999 ext 1034
email@example.com www.plutonic.ca The TSX Venture Exchange does
not accept responsibility for the adequacy or accuracy of this release