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First Nation signs deal for six run-of-river power projects – Vancouver Sun

Arrangement dependent on securing power-purchase agreements with BC Hydro

AUGUST 13, 2014

The landscape above Harrison Lake in the eastern Fraser Valley is cut by narrow mountain valleys with steeply-falling streams that, in In-SHUCK-ch First Nation chief negotiator Gerald Peters’s view, are perfect for run-of-river power generation, and a catalyst for his bands’ economic future.

To that end, the In-SHUCK-ch signed a partnership agreement this week with the independent power firm Innergex Renewable Energy Inc. with respect to six separate run-of-river power projects, worth up to $720 million, on streams within their territory in a bold move to kickstart economic development flowing from official treaty discussions.

Under the agreement, the In-SHUCK-ch would share in the ownership and profits from the proposed projects as well as participate in construction through preferred-supplier arrangements.

Read more: http://www.vancouversun.com/First+Nation+signs+deal+river+power+projects/10116269/story.html#ixzz3AKwvh7KF

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