What benefits will the project have?

Submitted by patrickboileau on Thu, 09/15/2016 - 12:56
The Wataynikaneyap Power project has strong financial, social, and environmental benefits for First Nations, Ontario, and Canada, which is why it is so important. The First Nation vision is to acquire tangible benefits through equal participation and meaningful involvement. Benefits are:
 
  • First Nation communities working together and controlling development of infrastructure within their traditional lands will be a catalyst for greater prosperity and economic selfdetermination.
  • The Community Readiness project (RERP) is assessing employment, economic, business and training gaps to produce a plan to get communities project ready.
  • The project is projected to represent $1.189 Billion in Gross Domestic Product (GDP) nationally.
  • There will be over $1 billion saved over 40 years versus continuing with diesel generation.
  • There will be significant training, meaningful employment, direct returns from community ownership, and other financial benefits for First Nation communities.
  • During construction, roughly 260 jobs in Northwestern Ontario and almost 770 across Canada are estimated.
  • Independent Power Authorities (IPA’s) communities will pay the same hydro rates as the Hydro One Remote Communities, Inc, (HORCI) which will decrease significantly.
  • Communities under electrical load restrictions will have reliable clean energy to allow continued development and construction of housing, facilities, and businesses, which will improve health and
    social conditions.
  • Greenhouse gas emissions cause climate change. 6.6 million tonnes of greenhouse gas emissions will be avoided over the next 40 years.
  • Protect the environment from diesel spills.
  • This historic model of First Nation ownership will change the landscape of business and can be applied with other critical projects. An executive summary of the project’s Socioeconomic Impact Analysis conducted by PWC can be found at:
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