canada safety and environmental standards ,” Hanuse said . “ Over time , the environmental monitoring will create opportunities for the members of our nation to become involved in technical support aspects .”
This helps accelerate the First Nation ’ s progress toward self-sufficiency . Achieving this will require the ability to create and fund projects such as the Kokish River , run-of-river project which can be challenging .
“ Access to capital is a challenge that many First Nations governments face because reserve lands can ’ t be mortgaged , and therefore unless a First Nation has a lot of other assets it can offer for security , it ’ s difficult for many Nations to secure financing for economic projects ,” Hanuse explained . “ An initial loan from our partner Brookfield Renewable opened the door for ‘ Namgis participation in the Kokish project . The loan from P3 Canada has helped us open the door further . By securing a P3 loan on completion of construction , we ’ re able to repay our loan to Brookfield and stand as our own as a partner in the Kokish project . The low-interest loan from P3 Canada will allow us to build equity in a green energy project within our core territory and realize benefits much sooner than we would have otherwise .”
Overall , the project is not only a model of how sustainability , energy , and environmental concern can come together , it is also of how the public and private sectors can work together to improve energy infrastructure .
Company Information
Industry
Construction
headquarters
Quebec , Canada
founded
2004
employees
15
www . brookfieldrenewable . com / kokishriver 55