Canada Infrastructure Bank provided $173M loan while NORD/LB contributes $98M in debt financing. Indigenous skpoli
The partnership started because Cowessess owned land near Kipling and was approached by RES under duty to consult, said Jessica Nixon, director of economic development for the First Nation.
The nearly two years of construction is expected to have a significant economic impact for the area as well. In the announcement, the band said its business “will ensure qualified Indigenous contractors and workers benefit from the available construction jobs.”Article content “As you can imagine, the largest cost of this project is the turbines itself, right, and the delivery of them and installation of them,” Nixon added.
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