Finavera Renewables Signs MOU With Halfway River First Nation

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Finavera Renewables Inc. has signed a memorandum of understanding (MOU) with the Halfway River First Nation for the development of the company's four wind projects in the Peace Region of British Columbia. The MOU is a mechanism through which the Halfway River First Nation has provided its acknowledgement and acceptance for the Tumbler Ridge, Wildmare, Meikle and Bullmoose wind projects.

In return for their consent and support of Finavera's Wind Projects, the Halfway River First Nation will benefit through training, employment, business opportunities and financial participation in the projects. Finavera commits to providing renewable energy that brings benefits to First Nations and all British Columbians in a manner that respects Aboriginal and treaty rights and minimizes environmental impacts, according to the company.

The agreement with Halfway River First Nation is the first of five such agreements that the company hopes to conclude. Finavera has signed a partnership agreement with the McLeod Lake Indian Band that provides a staged process to negotiate final terms of an MOU.

Discussions with two other First Nations (West Moberly First Nation and Saulteau First Nation) are currently in progress. In addition, the environmental assessment office recently instructed the company to include Doig River First Nation in its consultation program.

SOURCE: Finavera Renewables Inc.

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