Watson: New leader at Plasco a good thing

Mayor Jim Watson said turnover within the ranks at Plasco Energy Group might be the jolt the company needs to make good on its promise of converting garbage into a form of electricity.

Rod Bryden, the company's founder, was replaced as CEO back in November. But last Friday, he announced he is parting ways with the company for good.

Raymond Floyd has the top job, and Watson said that's likely a good thing for the project.

"The new CEO…is more of an operations person, and that's what's needed at this stage to get it across the finish line," Watson told reporters on Monday afternoon.

The premise is that curb side trash can be broken down at high heat into a form of electricity.

The city and Plasco have a tentative deal in place that calls for 109,000 tonnes of waste to be processed for $9 million annually.

However, Bryden twice missed the deadline to secure the cash to fund a full scale processing plant.

Councillors are giving the company until the end of this year to show them the money.

Watson reiterated he will not support another extension.

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