The Nisga’a Lisims Government has reached an benefit agreement with a company planning a hydro project in the northwest BC.
WindRiver Power Corporation wants to construct a 50 megawatt hydroelectric project at Kinskuch Lake in the Alice Arm area.
Under the terms of the deal, the Nisga’a will allow the flooding of a portion of land on the perimeter of the lake for the project’s reservoir.
The company will provide payments to the Nisga’a based on project milestones, annual royalty payments, employment for Nisga’a citizens, and provide ownership interests in the project to the nation.
WindRiver President and CEO Kipp Horton calls the deal with the Nisga’a a critical step and says the benefit agreement will last for the commercial life of the project.
NLG President Mitchell Stevens says the company’s efforts are deserving of the Nisga’a Nation’s full support and cooperation.
He says the hydro project is consistent with the Nisga’a vision of sustainable prosperity and self-reliance.