The Tla-o-qui-aht (Clayoquot) First Nation will get $38,000 a year over 40 years as part of a revenue-sharing agreement on the Haa-ak-suuk Creek run-of-river power project.
Revenue from the power project will be used for economic development, according to a B.C. government news release.
The $17.3 million project is being built by a partnership including the Tla-o-qui-aht and Kennedy Power Corp.
“The Tla-o-qui-aht First Nations welcome the opportunity to share the wealth created by sustainable development within its territory with the Province of British Columbia,” said Chief Councillor Moses Martin.
“Haa-ak-suuk Creek is the second in a number of Tla-o-qui-aht First Nations renewable energy projects that, when they are completed, will power one out of every 12 of Vancouver Island homes. Taking care of the land and sharing what we have has always been a part of our tradition, it is our way.”
The six-megawatt run-of-river hydroelectric project is in the Kennedy River watershed on Vancouver Island.
