Tahltan buy into run-of-river hydro project (Terrace Standard)
THE PROVINCIAL government is giving the Tahltan Central Council $500,000 to buy into a small run-of-river project on the Iskut River owned by Calgary-based energy company AltaGas.
The Volcano Creek project, rated at 16 megawatts, has just begun producing power which is being sold to BC Hydro, entering the provincial grid through the crown corporation's Northwest Transmission Line.
Provincial and Tahltan officials were in Terrace this morning releasing details of the business deal through the First Nations Clean Energy Business Fund which will see the Tahltan earn a share of the revenues being paid by BC Hydro for the power through a 60-year purchase agreement with AltaGas.
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