Plutonic Power Corporation completed Stages 1 and 2 toward securing a Water License and Crown Land rights from Canada's Integrated Land Management Bureau (Ministry of Agriculture and Lands) and the Water Stewardship Division (Ministry of the Environment).

The proposed projects could meet the energy needs of 40,000 homes and are to be located on Smythe Creek, Stanton Creek and Fissure Creek, near the headwaters of Knight Inlet, approximately 200 kilometers (km) North of Powell River, BC.

Initial studies of the Knight Inlet Projects show that all three creeks have steep sided rock canyons upstream of the proposed powerhouse locations, which act as fish barriers, thus minimizing the impact of the projects on local fish habitat. Plus, Plutonic is committed to working with First Nations, stakeholder groups and local communities in the development of its run-of-river projects.

The addition of the three Knight Inlet projects brings the number of development projects in Plutonic's portfolio to 22. With 22 proposed development projects, the company has a design capacity of nearly 1000 MW and the potential to generate approximately 3,300 GWh per annum of green energy -- enough energy to meet the annual energy needs of more than 300,000 homes.

Included in the 22 projects is the creation of the Green Power Corridor, a series of non-storage hydroelectric projects in southwestern BC, which hold the potential to catapult British Columbia to the forefront of green energy generation in North America. The completion of the Green Power Corridor would create approximately 3000 jobs.

In July 2006, Plutonic Power was awarded Energy Purchase Agreements from BC Hydro for its most advanced projects: East Toba River, Montrose Creek and Rainy River, which combined, total 211 MW of capacity.