Thursday July 12, 2012

 

Native News

Clean Energy Funding

Yale First Nation to look at Emory Creek IPP potential to boost band economy 

Released by Jordon Simmons, BC Gov't/Handout photo of Chief Robert Hope and BC Premier Christie Clark

 

he 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



Additional information:

  • 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 land rents;
     

  • 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 here. 

 

Related Links

www.johnlesmla.bc.ca
 

 

 

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