Plutonic Power Corporation is a Canada-based company that is principally engaged in the identification, development, construction and ultimately, the operation of economically viable clean power projects. The Company has a portfolio of 29 run-of-river hydroelectric sites (Power Sites) in British Columbia with two Power Sites under construction and the remaining 27 Power Sites at various stages of permitting and development. The Company’s 29 Power Sites have a total potential design capacity of approximately 1,600 megawatts with the potential to generate approximately 5,300 gigawatt hours of electricity annually. During the year ended December 31, 2007, the Company and its partner GE Energy Financial Services Holding Company (GE) formed Toba Montrose General Partnership (TMGP), a general partnership formed to finance, build and operate the 196 megawatts East Toba River and Montrose Creek run-of-river generation facilities.
(Source: ARS)
