Finavera Signs Agreement With McLeod Lake Indian Band For Wind Projects

Vancouver, British Columbia-based Finavera Renewables Inc. has signed a participation agreement with the McLeod Lake Indian Band for the Tumbler Ridge, Wildmare, Meikle and Bullmoose wind energy projects.

The agreement was completed at a signing ceremony at the McLeod Lake Indian Band Annual General Assembly. The agreement sets out the guidelines for engagement between Finavera and the McLeod Lake Indian Band and represents a commitment by the parties to enter into discussions to develop further agreements.

Under the terms of the participation agreement, Finavera and the McLeod Lake Indian Band will address several key areas, including training and employment opportunities, assessment of potential project impacts, and economic development opportunities.

The agreement also sets out key principles that will guide future discussions between Finavera and the McLeod Lake Indian Band. These include respecting each other's identities, interests and priorities while exploring common interests and opportunities; engagement and consultation that are meaningful and results-oriented; a commitment to honest and open sharing of information and ideas; and to joint problem solving, according to Finavera.

McLeod Lake Indian Band has a membership of 475 people and is part of the Tsekhene tribal group. The Band owns several companies that are actively engaged in road and site construction, logging and pipeline construction.

SOURCE: Finavera Renewables Inc.


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