Alberta First Nations invest in power project; loan backed by Alberta government – JWN

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Alberta First Nations invest in power project; loan backed by Alberta government – JWN

by ahnationtalk on September 10, 2020158 Views

September 10, 2020

Six Alberta First Nations are investing $93 million for an equity stake in a new natural gas power plant.

Their participation in the Cascade Power Project near Edson, west of Edmonton, is being backed by a loan guarantee from the Alberta Indigenous Opportunities Corp., or AIOC.

The Crown corporation was set up by the Alberta government to help Indigenous groups invest in natural resource projects.

The loan guarantee for the Cascades plant is the first one the corporation has provided since its inception last November.

Read More: https://www.jwnenergy.com/article/2020/9/10/alberta-first-nations-invest-in-power-project-loan/

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