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Six First Nations To Invest $93M In Power Plant With Loan Guarantee From Alta. Crown Corporation

by edmonton.ctvnews.ca posted 2weeks ago 29 views
The first move by a $1-billion Crown corporation, newly created to support Indigenous involvement in major resource projects, will be to provide a loan guarantee to six First Nations to secure a stake in the Cascade Power Project by Edson, Alta. The consortium consists of Alexis Nakota Sioux Nation, Enoch Cree Nation, Kehewin Cree Nation, O’Chiese First Nation, Paul First Nation and Whitefish Lake First Nation. Together, the nations will invest $93 million in the Kineticor Resource Corp.-owned project. “It wasn’t easy. It wasn’t straight forward.