VANCOUVER, March 10 (Reuters) - The head of Plutonic Power Corp said on Wednesday he is confident of securing a long-term clean energy contract soon after talks with British Columbia's electricity utility resulted in a rejigging of a key project.
'We think it will lead to a contract being awarded because we have modified our transmission plan,' Chief Executive Donald McInnes told Reuters.
Plutonic has cut one of three planned run-of-river hydroelectric facilities from its Upper Toba Valley project after talks with BC Hydro showed capacity constraints on a transmission line, McInnes said.
The provincial utility said it intends to award long-delayed clean power contracts this month, McInnes said.
(Reporting by Nicole Mordant; editing by Rob Wilson) Keywords: PLUTONICPOWER/ (nicole.mordant@reuters.com; +1 604 664 7315; Reuters Messaging: nicole.mordant.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
'We think it will lead to a contract being awarded because we have modified our transmission plan,' Chief Executive Donald McInnes told Reuters.
Plutonic has cut one of three planned run-of-river hydroelectric facilities from its Upper Toba Valley project after talks with BC Hydro showed capacity constraints on a transmission line, McInnes said.
The provincial utility said it intends to award long-delayed clean power contracts this month, McInnes said.
(Reporting by Nicole Mordant; editing by Rob Wilson) Keywords: PLUTONICPOWER/ (nicole.mordant@reuters.com; +1 604 664 7315; Reuters Messaging: nicole.mordant.reuters.com@reuters.net) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.