News

$40,000 for power study

The Kwantlen First Nations band will receive $40,000 from the First Nations Clean Energy Business Fund to help determine the viability of an independent power project.

The money will be used for a range of activities from business planning and project management.

It will support First Nations communities by promoting clean energy projects, including hydro, biomass and wind power.

“This fund is a great way to help the Kwantlen First Nations Band create a sustainable, green community,” said Energy Minister and Fort Langley-Aldergrove MLA Rich Coleman.

First Nations participate in the clean energy sector through revenue sharing from eligible clean energy projects, equity funding of up to $500,000 for First Nations to invest in clean energy projects, and development funding of up to $50,000, to support First Nations with feasibility studies or engagement with private sector proponents of clean energy projects.

The First Nations Clean Energy Business Fund was created to support First Nations and new power projects, with an initial contribution of $5 million from the Province. The fund is expected to grow, with further investments based on revenues the government receives from power projects as the clean energy industry grows.

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