* 48 wind turbines installed; nine power up
* Commercial operation set for early 2011
* Plutonic stock up 1.9 pct
VANCOUVER, British Columbia, Nov 23 (Reuters) - The largest wind farm in British Columbia, the 144-megawatt Dokie Project, has started generating electricity, joint owners Plutonic Power Corp PCC.TO and General Electric (GE.N) Energy Financial Services said on Tuesday.
Power was being generated from nine of the project’s 48 installed turbines, Plutonic, a small independent power producer, said.
When they are all online, the project’s 48 3MW turbines will generate enough electricity to power 33,300 homes.
“The generation of the first power at Dokie is positive news, effectively de-risking the project, which is nearing an expected commercial operation date in Q1 2011,” Cormark Securities analyst MacMurray Whale said.
The C$228 million ($223 million) project in northeastern British Columbia won a long-term electricity purchase contract from provincial utility BC Hydro in March this year.
Plutonic’s shares were up 3 Canadian cents at C$2.18 on the Toronto Stock Exchange on Tuesday morning.
$1=$1.02 Canadian Reporting by Nicole Mordant; editing by Peter Galloway