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Finavera Renewables Signs Participation Agreement with McLeod Lake Indian Band for British Columbia Wind Projects
Finavera Renewables Signs Participation Agreement with McLeod Lake Indian Band for British Columb...
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[{"type":"text","content":"\n\n\n\n Aug. 10, 2010 (Canada NewsWire Group) -- \n\n \n \n \nTR.cnwUnderlinedCell TD {\n BORDER-BOTTOM: #000000 1px solid\n}\nTR.cnwDoubleUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px double\n}\nTR.cnwBoldUnderlinedCell TD {\n BORDER-BOTTOM: #000000 3px solid\n}\nTD.cnwUnderlinedCell {\n BORDER-BOTTOM: #000000 1px solid\n}\nTD.cnwDoubleUnderlinedCell {\n BORDER-BOTTOM: #000000 3px double\n}\nTD.cnwBoldUnderlinedCell {\n BORDER-BOTTOM: #000000 3px solid\n}\n\nVANCOUVER, Aug. 10 /CNW/ - Finavera Renewables Inc. ('Finavera Renewables' or the 'Company') (TSX-V: FVR) is pleased to announce it has signed a Participation Agreement with the McLeod Lake Indian Band for the Tumbler Ridge, Wildmare, Meikle, and Bullmoose Wind Energy Projects. The Agreement was completed at a signing ceremony at the McLeod Lake Indian Band Annual General Assembly. The Agreement sets out the guidelines for engagement between Finavera and the McLeod Lake Indian Band and represents a commitment by the parties to enter into discussions to develop further agreements.\n"We support Finavera Renewables and others in the wind energy business as they represent the future for electric power generation. When done in a responsible way, wind energy, unlike hydro dams, gives us power without destroying the land around us," said Chief Derek Orr. "We are looking forward to being actively involved with Finavera Renewables."\nFinavera Renewables CEO Jason Bak said, "I would like to thank Chief Derek Orr and the McLeod Lake Indian Band for their hospitality during their community's Annual General Assembly. The signing of this Participation Agreement illustrates our commitment to building a long term, mutually beneficial relationship with the McLeod Lake Indian Band."\nUnder the terms of the Participation Agreement, Finavera and the McLeod Lake Indian Band will address several key areas: training and employment opportunities, assessment of potential project impacts, and economic development opportunities. The Agreement also sets out key principles that will guide future discussions between Finavera and the McLeod Lake Indian Band: respecting each other's distinct identities, interests and priorities while exploring common interests and opportunities, engagement and consultation that are meaningful and results oriented, and a commitment to hone...