Wataynikaneyap Power

Wataynikaneyap Power

March 12, 2015 12:58 ET

Northwestern Ontario First Nation-Led Transmission Initiative Continues to Make Progress

Wataynikaneyap Power ownership grows to 20 First Nation communities and project receives key approval

THUNDER BAY, ONTARIO--(Marketwired - March 12, 2015) - Wataynikaneyap Power today held a press conference announcing that Sandy Lake First Nation and Wabigoon Lake Ojibway Nation will join the Wataynikaneyap Power Transmission Project, bringing the number of communities participating in the First Nation-led company to twenty. Each community is an equal owner in the project to bring grid-connection to remote First Nation communities, currently serviced by diesel generation.

"Having 20 communities come together to own a major infrastructure project at any one time is truly unprecedented," says Margaret Kenequanash, Chair of Wataynikaneyap Power. "Our communities see the value of controlling infrastructure development in our traditional homelands to ensure responsible development while maximizing benefits to our communities. I would like to welcome both Sandy Lake First Nation and Wabigoon Lake Ojibway Nation as partners and shareholders in this unique and exciting project."

"It is an honour to join the other First Nations on this very important and much needed infrastructure project," says Sandy Lake Chief, Bart Meekis. "Grid connection will bring many benefits to our community including the opportunity to develop renewable energy projects."

"My community is pleased to be a part of Wataynikaneyap Power and to provide our support to the communities in the north," says Wabigoon Lake Ojibway Nation Chief, Paul Watts. "A project of this magnitude will have a positive impact in the lives of First Nations for generations to come."

Further progress on the project was made as the Ontario Minister of Environment and Climate Change, the Hon. Glen Murray, approved the Amended Terms of Reference for the new transmission line to Pickle Lake environmental assessment (EA). The approval, a key milestone for the project, now permits Wataynikaneyap Power to enter into the EA stage of the process. The Amended Terms of Reference provides the framework for the EA studies and community engagement.

The Wataynikaneyap Power project has been identified as a priority in Ontario's 2013 Long Term Energy Plan. The Ontario Power Authority (OPA) estimates the current cost of supplying power to remote communities at $90 million per year and growing. Ontario electricity ratepayers and the federal government subsidize most of this cost. The OPA estimates grid connection would result in approximately $1 billion in savings compared to continued diesel generation. Grid connection would also generate significant socio-economic benefits for the region and communities.

About Wataynikaneyap Power:

Wataynikaneyap Power is a First Nation-led transmission company, in partnership with Goldcorp, aiming to design, permit, construct, own, and operate a new transmission line in Northwestern Ontario that will bring grid-connection to remote First Nation communities currently powered by diesel generation. Continued use of diesel generation to power First Nations communities is financially unsustainable, environmentally risky, and inadequate to meet community needs.

Wataynikaneyap Power will partner with an experienced transmission company to realize the development and operation of the project. However, in the long run, the 20 First Nations expect 100% ownership of the project. More information about Wataynikaneyap Power can be found at www.wataypower.ca.

To view the map associated with this release, please visit the following link: http://media3.marketwire.com/docs/MapWatay.pdf

Background Information:

Wataynikaneyap Power is a First Nations-led transmission company with the objective of connecting Northern Ontario's remote First Nations communities, currently serviced by diesel generation. Wataynikaneyap is unprecedented in that 20 First Nations have come together to own and benefit from development of critical infrastructure in their homelands.

Grid connection to remote First Nations communities has been identified as a priority in Ontario's Long Term Energy Plan. Continued use of diesel generation to power remote First Nations communities is financially unsustainable, environmentally risky, and socially unacceptable. The Ontario Power Authority estimates the current cost of supplying power to remote communities is $90 million/year and growing. Ontario electricity ratepayers and the federal government subsidize most of this cost. In a recent report, the Ontario Power Authority concluded that grid connection to Ontario's remote First Nations communities would result in approximately $1 billion in savings compared to continued diesel generation over the next 40 years.

Wataynikaneyap Power has been undertaking the project through a staged development process. The first phase, a 300-kilometre transmission line, will reinforce electricity transmission into Pickle Lake. The second phase will extend transmission north of Pickle Lake and Red Lake to connect multiple First Nations communities. The total capital cost of the project is estimated to be approximately $1 billion.

Wataynikaneyap is working in partnership with AECOM, PowerTel, and Deutsche Bank to develop the project. Wataynikaneyap Power will soon partner with an experienced transmission company to realize the development and operation of the project. However, in the long run, the 20 First Nations expect to have 100% ownership of the project.

Wataynikaneyap means "line that brings light" in Anishiniiniimowin, named by the Elders who provided guidance to the partners. The company's vision is to provide reliable and accessible power to residents, businesses, and industry in the region, while maximizing opportunities and benefits for First Nations.

More information about Wataynikaneyap Power can be found at www.wataypower.ca

About the Press Release

Wataynikaneyap continues to advance this important project. The press release announces two key milestones:

  • The Ontario Ministry of Environment and Climate Change has approved Wataynikaneyap's Terms of Reference for the Environmental Assessment on Phase 1 of the project
  • First Nations ownership in Wataynikaneyap has now expanded from 18 to 20 communities

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