Plutonic Power Corporation

Plutonic Power Corporation

September 14, 2009 08:00 ET

Plutonic Power Corporation Welcomes Mr. Stephen Keith as Vice President Business Development

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 14, 2009) - Plutonic Power Corporation (TSX:PCC) is pleased to announce the addition of Mr. Stephen Keith, P.Eng. as Vice President Business Development, effective October 1, 2009. Mr. Keith brings a wealth of experience to Plutonic from his experience as an investment banker and consulting engineer. Mr. Keith will be based in Toronto and will utilize his extensive background to seek out and evaluate growth opportunities for Plutonic Power Corporation.

"Adding Mr. Keith's experience to our exceptional team demonstrates Plutonic Power's commitment to remaining a growth-oriented company," said Plutonic Power Vice-Chair and CEO, Donald McInnes. "Mr. Keith will build on our foundation of successful clean energy development in British Columbia and work towards securing our position as a Canadian leader in clean energy development."

About Plutonic Power Corporation

Plutonic Power's vision is to provide leadership and create a legacy through the development of renewable, reliable, clean energy projects. Its proposed Green Power Corridor™, comprised of 42 generation facilities (including the 2 facilities being constructed by the Toba Montrose General Partnership), could have the capacity to meet the annual energy needs of about 660,000 homes and offset more than 4.4 million tons of CO2 emissions every year - the equivalent of taking more than 850,000 cars off the road. Build out of the Green Power Corridor™, including the current construction of the $660 million, 196 megawatt East Toba River and Montrose Creek run-of-river hydroelectric project, could create approximately 6,500 person-years of employment. Plutonic Power is committed to working in partnership with First Nations, stakeholder groups and local communities in the development of all of its projects. By developing its suite of projects, Plutonic Power will help British Columbia realize its goal of becoming electricity self-sufficient by 2016 utilizing 90% clean domestic generation sources, will create employment opportunities and will play a significant role in the fight against climate change.

Contact Information