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July 16, 2014
A new agreement with the B.C. government will enable the Kanaka Bar Indian Band to share revenue from the Kwoiek Creek Hydroelectric Project.
The developer of the project is Kwoiek Creek Resources Limited Partnership, a partnership between the Kanaka Bar Indian Band and Innergex Renewable Energy Inc.
The Kanaka Bar Indian Band will share 50 per cent of the proceeds of the hydro project for the next 40 years. The project created 250 construction jobs, with 40 per cent of those jobs going to First Nations.
The revenue-sharing agreement is enabled by B.C.’s First Nations Clean Energy Business Fund, which aims to promote increased First Nations participation in the clean-energy sector. The agreement was signed July 10.
The Kwoiek Creek Hydroelectric Project is a 49.9 mega-watt run-of-river project located 14 kilometres south of Lytton and west of Kanaka Bar on the lower reaches of Kwoiek Creek, a tributary to the Fraser River.