A local First Nation hopes an agreement will provide economic and social benefits.
The Enderby-based Splatsin have signed an impact benefit agreement with the Sorgent.e Hydro Canada Corporation and Fosthall Creek Power for the development and operation of a power plant near Nakusp.
“In order to move away from government funding and to bring prosperity to our people, our vision is building long-term partnerships as the one we are signing,” said Wayne Christian, Splatsin chief.
Fosthall Creek Power is completing the last stage of development before construction and plans to deliver long-term energy to B.C. Hydro’s grid. Located on the shore of Upper Arrow Lake, the project has a friendly environmental footprint that will include a spawning channel and a penstock that runs on an old log flume pathway.
Having built 1,000 megawatts in 25 countries, Sorgent.e owns and operates about 100 megawatts of hydro, wind and solar plants in Italy and Chile. Currently, Sorgent.e is developing new small hydro projects in Canada and several countries in South America.
“We are an international group that loves to become local where it works. We are happy to be welcomed in your territory, where we want to stay with you for decades to come,” said Lucas de Haro, Sorgent.e Hydro Canada chief executive officer.