August 25, 2014 - 12:07 PM
ENDERBY - A new agreement with the B.C. government will enable the Splatsin First Nation to receive provincial revenues from the Cranberry Creek Hydroelectric project.
This provincial revenue-sharing agreement is made possible by B.C.'s First Nations Clean Energy Business Fund, which aims to promote increased First Nations participation in the clean energy sector.
The Cranberry Creek Hydroelectric project is a run-of-river facility that expands the existing South Cranberry Creek hydro power facility located 25 kilometres south of Revelstoke, near Shelter Bay. A three-megawatt turbine, generating an estimated 9.8 gigawatts annually, will be installed.
Once the project is fully operational, provincial revenue sharing to the Splatsin is forecast to be $3,618 per year over the life of the project.
The signing of this agreement means that the provincial government has now reached 46 non-treaty agreements with First Nations since the BC Jobs Plan was launched in 2011, supporting economic opportunities for both First Nations and neighbouring communities.
News from © InfoTel News Ltd, 2014