(Financial Close)
Renewable energy project to support Opitciwan First Nation in Quebec
Forest biomass cogeneration facility will replace diesel energy source and create jobs
Fast facts
The CIB’s $24 million loan will support construction of a forest biomass cogeneration facility which will produce 4.8 megawatts of renewable electricity.
The project is an example of an Indigenous-led energy solution. More than 4.6 million litres of diesel fuel for energy generation will be cut. The project will ensure energy security for the community and allow for community economic development and improved quality of life benefits.
Bark, sawdust and wood chips from the nearby sawmill majority-owned by the First Nation will be used as feedstock for the generator.
The CIB’s involvement furthers one of the Indigenous Community Infrastructure Initiative’s objectives of direct benefits.
The project will also cut more than 11,000 tonnes of GHG emissions annually.
Benefits of the CIB’s involvement
The project is funded by the CIB’s Indigenous Communities Infrastructure Initiative, which has at least $1 billion to invest in projects in partnership with and to the benefit of Indigenous communities.
Learn more
Disclaimer: The Canada Infrastructure Bank (CIB) in its sole and absolute discretion may choose to make available amendments, revisions, modifications, or replacements to this website. This page will remain open for further revision, modification, replacement or cancellation by the CIB at any time and in no event shall the CIB be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content of this website. Images courtesy of Onimiskiw Opitciwan Limited Partnership.
