(financial close)
Inuvialuit-led solution to improve energy security in Canada’s North
Infrastructure will support a more reliable and affordable energy supply for six remote Inuit communities.
Fast facts
The CIB is investing in the Inuvialuit Energy Security Project (IESP) alongside the Inuvialuit Regional Corporation (IRC) to advance a community-driven solution that will improve energy security and reliability for six Inuvialuit communities in the Northwest Territories.
Our $100 million loan will advance the development and construction of the M-18 well development to ensure a more reliable energy supply for the next 50 years. Project benefits include reduced energy costs for households and businesses and improved living conditions. The development will create long-term job opportunities and economic growth for the Inuvialuit and eliminate the need to transport liquefied natural gas and synthetic diesel from southern regions.
Benefits of the CIB’s involvement
This project is being financed through the CIB’s Indigenous Community Infrastructure Initiative (ICII) and is our first investment to achieve financial close in the Northwest Territories.
ICII loans provide a service or a direct benefit to First Nation, Inuit, and Métis communities.
Learn more
- Inuvialuit Regional Corporation (IRC) - Opens in a new tab
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 the Inuvialuit Regional Corporation.
