The Adams Lake Band will receive $40,000 in funding from the First Nations Clean Energy Business Fund to develop a business plan to create a micro-hydro system irrigation line.
The First Nations Clean Energy Business Fund promotes increased First Nation participation in the clean energy sector through:
· Revenue sharing from eligible clean energy projects.
· Equity funding of up to $500,000 for First Nations to invest in clean energy projects.
· Capacity development funding of up to $50,000, to support First Nations with feasibility studies or engagement with private sector proponents of clean energy projects.
The First Nations Clean Energy Business Fund was created to support First Nations and new power projects, with an initial contribution of $5 million from the Province. The fund is expected to grow, with further investments based on revenues the government receives from power projects as the clean energy industry grows.
For more information about the First Nations Clean Energy Business Fund and the related application process, please visit: www.gov.bc.ca/arr