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Gwayakocchigewin Limited Partnership and Hydro One enter into an agreement to advance the Waasigan Transmission Line project
Gwayakocchigewin Limited Partnership and Hydro One enter into an agreement to advance the...
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[{"type":"text","content":"\n \n \n \n Gwayakocchigewin Limited Partnership and Hydro One enter into an agreement to advance the Waasigan Transmission Line project\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n Through this industry-leading agreement with Hydro One, First Nations communities\n \n \n will have the option to invest in a 50 per cent equity stake in a new transmission line that will support electricity reliability and economic growth in northwest\n \n Ontario\n \n \n \n \n \n \n THUNDER BAY, ON\n \n \n ,\n \n \n May 4, 2022\n \n \n /CNW/ - Today at a ceremony hosted on the Fort William First Nation, Hydro One Networks Inc. (Hydro One) and Gwayakocchigewin Limited Partnership (GLP), a consortium of eight First Nations, advanced their collaboration through entering into an agreement on the Waasigan Transmission Line project. The agreement provides the eight First Nations communities represented by the GLP with the opportunity to invest in an equity stake of the project. In total, nine First Nations in the region will have the opportunity to invest in a 50 per cent stake in the transmission line.\n \n \n \n \n \n \n \n \n \n This industry-leading agreement will transform the way in which First Nations participate in critical infrastructure development. It will provide generational revenues for these First Nations communities and is a strong signal as to how Hydro One intends to move forward on new large scale transmission line projects.\n \n \n \"As Canadians, we have a responsibility to reflect on our past and take meaningful action towards Reconciliation with Indigenous communities,\" said\n \n Mark Poweska\n \n , President and Chief Executive Officer, Hydro One. \"Indigenous communities have historically borne the impacts of infrastructure development in their territories without seeing the benefits. This announcement is a progressive step to increase opportunities for First Nations communities to participate with industry and with Hydro One as we collectively build the electricity grid of the future.\...