Plutonic Power reappoints former President in preparation for operations
Plutonic Power Corporation announced today the reappointment of Bruce Ripley to the position of President and Chief Operating Officer effective immediately. Reporting to Donald McInnes Vice Chair and CEO, Ripley will be responsible for all day to day operations of Plutonic and will oversee the transition of Plutonic from a development company to one with operations and revenue.
In August of 2009, Ripley stepped down from Plutonic to focus exclusively on the delivery of the $660 million Toba Montrose hydroelectric project which is now over 90% complete. Plutonic is confident that significant risks to construction completion, commissioning and operations are well planned for and mitigated and that Bruce can now retake his leadership role in Plutonic. The Toba Montrose Project is a partnership between Plutonic and a subsidiary of General Electric. Through a second partnership with GE, Plutonic is also expecting to complete construction and commence commissioning at the Dokie Wind Project during 2010.
"Bruce has done an excellent job focusing his attention on and delivering the Toba Montrose Project over the last eight months," stated Donald McInnes Vice Chair and CEO of Plutonic. "I am pleased that Bruce can now reassume his position as President and COO to oversee all aspects of day to day operations in Plutonic and our principal two partnerships with GE subsidiaries."
Paul Sweeney who has been President of Plutonic since last August, will reassume his role as an executive officer of the company and play a significant supporting role to both the CEO and the COO.
British Columbia based Plutonic Power is a Canadian clean energy developer. It is a partner in 340 megawatts of hydro and wind projects that are under construction. In 2010 commercial operations will start at the $660 million, 196 megawatt East Toba River and Montrose Creek run-of-river hydroelectric project. Active construction is also underway on the $227.5 million, 144 megawatt Dokie Wind Project.
For more information visit www.plutonic.ca.
April 26, 2010 By Newswire
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