Thursday July 12, 2012
Clean Energy Funding
Yale First Nation to
look at Emory Creek IPP potential to boost band economy
Jordon Simmons, BC Gov't/Handout photo of Chief Robert Hope and BC Premier
Yale First Nation will benefit from the fourth round of funding from the
First Nations Clean Energy Business Fund with capacity funding of $40,000.
The funding will allow a feasibility study to be conducted, in order to
determine Emory Creek's hydroelectric potential.
"Hydroelectricity is a key economic driver in this province, and one that
generates thousands of jobs for families here in the Fraser Valley and right
across B.C. This is an excellent example of ways the Province can partner
with local First Nations to develop projects that benefit the entire
community," said Chilliwack MLA John Les in a release Thursday.
If the project is economically viable, Yale will apply for a Crown Tenure
and Water License. They will then install a hydrometric station in Emory
Creek to record one hydrologic year of average daily flows.
"Yale First Nation is pleased to be selected as one of the approved projects
for this funding. Yale First Nation has been actively pursuing economic
development opportunities and the Emory Creek Hydroelectric Project is high
on our priority list," Chief Robert Hope, Yale First Nation.
"This approved application will assist in getting some of the initial steps
completed in bringing this project to reality. This is another example of
the Yale First Nation and the Province of BC maintaining a good
relationship. We expect this to continue as we conclude and implement the
Yale Treaty," added Hope.
"The range and quality of applications to the First Nations Clean Energy
Business Fund underlines First Nations' willingness to embrace clean energy.
These projects provide greener sources of power for their communities and
create economic opportunities that will benefit all British Columbians,"
said Mary Polak, Minister of Aboriginal Relations and Reconciliation
Including the most recent May 2012
intake, the fund has provided almost $2.5 million to 53
Aboriginal communities across B.C. to support First Nations
participation in the clean energy sector.
This funding is from the fourth
call for applications. The next intake of applications closes at
the end of September 2012.
The First Nations Clean Energy
Business Fund promotes increased First Nation participation in
the clean energy sector through:
Revenue-sharing from eligible clean
energy projects based on revenues derived from water rentals and
Equity funding of up to $500,000
for First Nations to invest in clean energy projects and help
communities attract further investment; and
Capacity development funding of up
to $50,000 to support First Nations with community energy
planning, feasibility studies or engagement with private sector
proponents of clean energy projects.
A Community Energy Plan is the
initial step for a community to establish energy objectives,
develop an overview of the community's current and projected
energy demand, and identify viable energy efficiency and clean
energy development opportunities to pursue.
The First Nations Clean Energy
Business Fund was announced as part of the Clean Energy Act in
2010 and was created to support First Nations and new power
projects with an initial contribution of $5 million from B.C. A
percentage of land and water rentals generated by eligible
projects will be returned to the fund with the goal of the fund
becoming completely self-revenue generating in the future.
Learn more about this
Copyright (c) 2012 The Valley Voice