But Ledcor Power Inc. development manager Derek Hutchinson says he expects many of the recent applications will fall by the wayside in the months ahead.Hutchinson
speculates that some were submitted merely to head off competing claims for a potentially productive stream -- without consideration of the viability of the project.He
said putting in large numbers of applications -- Ledcor
has more than two dozen -- was seen as risk management by many companies that participated in the recent rush.
"That was certainly the case.Any one of these variables can mean that the project is not economic," Hutchinson
said."You've got to say, 'Well if I start with 50, how many are going to be successful, five?'
"There is this huge volume, but how many of them are actually going to be successful and actually get built?I'd think that number is relatively small."
Fitzsimmons Creek project in Whistler, Hutchinson
had to satisfy federal, provincial, regional and municipal government regulators -- with the Squamish-Lillooet regional district seizing the opportunity to award itself royalties from the project, apparently in frustration over its relationship with the province.He
also had to satisfy Blackcomb ski-hill operators who use the same water for snowmaking that Ledcor
will tap into for its hydro energy, and nearby condo owners worried about the hum from the powerhouse that will be located about 300 metres away.