Plutonic Power Corp. (TSX:PCC), the Vancouver company building B.C.'s largest private renewable power project, has added two new high profile members to its board of directors.
Phil Fontaine is a past national chief of the Assembly of First Nations and David O'Brien is president and CEO of Toronto Hydro Corp., Canada's largest municipally-owned electrical utility.
Fontaine had been elected three times as chief of the assembly, a national organization that represents Canada's First Nation peoples. He is also a Member of the Order of Manitoba.
Prior to joining Toronto Hydro, O'Brien had held the position of city manager in a number of cities in Ontario including Mississauga.
He also served a six-month secondment to the government of Ontario as associate deputy minister and then deputy minister of energy.
Plutonic's proposed green power corridor, which is made up of 42 generation facilities (including two being constructed by the Toba Montrose General Partnership), could have the capacity to meet the annual energy needs of about 660,000 homes, the company said. It could also offset more than 4.4 million tonnes of CO2 emissions every year the equivalent of taking more than 850,000 cars off the road.
The company is building the $660-million East Toba River and Montrose Creek run-of-river hydroelectric project.
Along with a subsidiary of General Electric Co. (NYSE:GE), Plutonic is also buying a 300-megawatt wind farm project near Chetwynd out of bankruptcy.
By press time, Plutonic's shares on the Toronto Stock Exchange were trading at $3.20.