Wataynikaneyap Power

Wataynikaneyap Power

October 17, 2013 13:34 ET

Wataynikaneyap Power Signs a Memorandum of Understanding (MOU) with AECOM to Help Build New Transmission Line in Northwestern Ontario

WP Takes Another Major Step to Connect Remote First Nations to Province's Power Grid

THUNDER BAY, ONTARIO--(Marketwired - Oct. 17, 2013) -

Editors Note: There is a photo associated with this Press Release.

Wataynikaneyap Power announced today that the company and AECOM, working in association with PowerTel and Deutsche Bank, have signed a Memorandum of Understanding to help build a new transmission line in Northwestern Ontario.

The AECOM-led team will provide design, construction and financial services for the project. A qualified, licensed transmission partner will also be selected, who will partly own and operate the line. The project's first phase is a new transmission line to Pickle Lake, Ontario. The second phase will consist of connecting remote First Nations communities to the provincial power grid.

"Our goal is the grid connection of remote communities and the elimination of dependency on diesel generation," says Margaret Kenequanash, chair of Wataynikaneyap Power. "There are many health, safety, and environmental concerns with diesel generation and it does not meet the needs of our communities. Grid connection will change that, and our partnership will provide the necessary expertise to move this important infrastructure project forward."

"AECOM and our project partners share Wataynikaneyap Power's vision to bring grid transmission connections to other remote areas in the region," said Damien Tholomier, AECOM's regional energy business line leader in Canada. "We are excited that this work will improve residents' quality of life while creating infrastructure that meets the highest technical and professional standards."

Wataynikaneyap Power is currently 50 per cent owned by 18 First Nation communities and Goldcorp. Over the long term, ownership of Wataynikaneyap Power by the First Nation communities will gradually increase to become a predominantly Aboriginal-owned enterprise expanding its development of other transmission line projects in the north.

Once developed and operational, this project will benefit member communities by providing consistent, accessible, and reliable electric power, enabling economic development and opportunities for employment.

About Wataynikaneyap Power:

Wataynikaneyap Power is a First Nation led company working to design, permit, construct, own and operate a transmission line to bring additional grid connection to Pickle Lake and beyond to connect remote First Nation communities in Northwestern Ontario. The company's vision is to provide reliable and accessible power for residents, businesses, and industry in the region and realize economic opportunities for First Nations. More information about Wataynikaneyap Power can be found at www.wataypower.ca.

About AECOM:

AECOM is a global provider of professional technical and management support services to a broad range of markets, including transportation, facilities, environmental, energy, water and government. With approximately 45,000 employees around the world, AECOM is a leader in all of the key markets that it serves. AECOM provides a blend of global reach, local knowledge, innovation and technical excellence in delivering solutions that create, enhance and sustain the world's built, natural and social environments. A Fortune 500 company, AECOM serves clients in more than 140 countries and had revenue of $8.2 billion during the 12 months ended June 30, 2013. More information on AECOM and its services can be found at www.aecom.com.

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