Plutonic Receives $73 million in Federal Funding PDF Print E-mail
Written by Bob Broughton   
Tuesday, 24 February 2009 12:09

The provincial government turns over BC's rivers to multinationals, and the federal government helps finance it.

Plutonic Power has received a $73 million dollar "incentive" from the federal government for its Toba Montrose project. The grant, under the federal EcoENERGY program gives Plutonic power $10 for each MWh produced for 10 years. The grant was established to "encourage the production of... low-impact renewable energy sources.”

Here's the press release from Plutonic Power: Plutonic Power Corporation Signs ecoENERGY Agreement for Funding of the East Toba River Montrose Creek Run-of-River Project

 

Last Updated on Tuesday, 24 February 2009 12:17