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News » Canada » Deal reached for Saskatoon hydro scheme » published 16 Nov 2017

Deal reached for Saskatoon hydro scheme

City and tribal officials in Saskatoon have reached an agreement for the development of a hydropower station at Saskatoon Weir.

The City of Saskatoon and Saskatoon Tribal Council (STC) have signed an official memorandum of understanding for the project, which is estimated to cost between CA$60m and CA65m. It is expected to be funded by the STC and private-sector partners, off-set by revenue generated by the power station and funding from other green-energy funding sources.

Pre-feasibility studies have concluded the project is technically feasible, economically viable and would cause no significant environmental disruption. The next step will be a full feasibility study.

City of Saskatoon Mayor Charlie Clark said: “Partnerships like this are opportunities to put the concept of Reconciliation into action. This project gives us a chance to learn the best way to generate renewable power for future generations, where we can create economic opportunity for the Tribal Council and City of Saskatoon while also preserving the integrity of our cherished river valley.”

Tribal Chief Mark Arcand said: “The TRC Calls to Action state that Indigenous peoples should receive equal opportunity to access lasting sustainable benefits from economic development projects. The hydropower project’s equal ownership model exemplifies the true spirit and intent of reconciliation.”

First Nations Power Authority (FNPA) is an Indigenous not-for-profit advisory service with a mandate to support Indigenous communities and businesses in advancing their active investment in the power sector.  For this project, FNPA, via a 10-year master agreement with SaskPower, supports STC activities in this project as a facilitator, a developer and an owner’s representative.

 

MPU

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This article was published on 16 Nov 2017 (last updated on 23 Nov 2017).

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