It’s billed as the largest clean energy investment by a First Nation in B.C.’s history.
The Tahltan Nation has bought a five per cent stake of the Northwest British Columbia Hydro Electric Facilities from Axium and Manulife.
The three run-of-river projects of Forest Kerr, McLymont Creek and Volcano Creek valued at over $2.5 billion are located in Tahltan Territory.
Tahltan Central Government President Chad Norman Day says the $124.3 million investment is another example of how the Nation continues to use its collective title and rights to move towards economic independence.
Project developer AltaGas has sold 90 per cent of its ownership in the three projects to Axium/Manulife.
Part of the sale agreements were that the Tahltan Nation would be entitled to purchase up to a five per cent interest in the facilities.
