The Meadow Lake Tribal Council (MLTC) plans to construct a $150 million biomass power plant in northern Saskatchewan and will sell the “green” power to SaskPower.
The generated power will be sold to SaskPower under a 25 year agreement and will create jobs and economic development for the region. The construction period is expected to create 300 jobs during its two year construction timeline.
More than 30,000 homes across the province will benefit from environmentally friendly power supplied by the plant.
Ben Voss, CEO of MLTC said, “We are delighted. We are very excited about his.” He added that it’s the largest project MLTC has ever undertaken.
25 permanent jobs will be created to operate the new power plant that will be known as the Meadow Lake Bioenergy Centre. A dozen more jobs and millions in indirect benefits for businesses in the area are expected.
The plant is expected to be in service in early 2014. Rob Norris, minister responsible for SaskPower said the partnership was very promising.
This is the first project to come through the First Nations Power Authority, a non-profit, membership-based corporation, which was set up last spring to help First Nations develop power projects.
Voss pointed out that MLTC will arrange financing through bank loans and private partnerships as it has done for other projects.
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