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Spring 2016 Newsletter now available!

The newest New Post Creek Project newsletter is now available. You can view and download a copy on the Newsletter page, and printed copies will be available in the TTN community soon.

Chief and Council Site Visit TTN Chief and Council and Chief Hardisty of Moose Cree First Nation and CRP Board and Project Team at the site visit in January 2016.

 

Chief Dwight Sutherland and the Taykwa Tagamou Nation Council were joined by Chief Norm Hardisty of Moose Cree First Nation, the Coral Rapids Power Board of Directors, and the Project Team to see the construction progress in January.

 

Groundbreaking for the Peter Sutherland Sr. Generating Station 

On August 27th, the groundbreaking ceremony for the Peter Sutherland Sr. Generating Station was held. Chief Dwight Sutherland, Taykwa Tagamou Nation Councillors, community members, and the New Post Creek Project team joined with various Ontario Power Generation staff and Cochrane Mayor Peter Politis to celebrate the culmination of years of work. You can read more about the event in the Timmins Daily Press here and watch the CTV News story here. More about this story will be in our next newsletter, to be released in October 2015.  You can see some photos from the event on our Photo Gallery page.

Hydro Electric Supply Agreement (HESA) Executed

Coral Rapids Power and Ontario Power Generation have completed the negotiations with the Independent Electricity System Operator for the Hydro Electric Supply Agreement. This revenue agreement sets the terms under which the partnership will earn a return on the investment into the project.

The HESA agreement also formalizes the name change for the proposed project to the Peter Sutherland Sr. Generating Station.

The HESA is the result of a Directive issued by the Minister of Energy to the Ontario Power Autority to negotiate a Hydro Electric Supply Agreement for the New Post Creek Project with TTN and OPG. See the press release here. You can learn more about it in Newsletter 10, Summer 2013.

Environmental Assessment Completed
Ontario Power Generation Inc. (OPG) and Coral Rapids Power Inc. (CRP), a wholly owned company of Taykwa Tagamou Nation (TTN), are proposing to develop approximately 28 megawatts (MW) of renewable hydroelectric power under the Ontario Waterpower Association (OWA) Class Environmental Assessment for Waterpower Projects through the construction of the New Post Creek Hydroelectric Project. The Environmental Assessment process has found that any negative environmental effects associated with the Proposed Undertaking are minor and/or temporary and most, if not all, will be addressed through appropriate mitigation and monitoring measures. The notice of completion is available here.

Other Information
The Taykwa Tagamou Nation (TTN) has now released a Consultation Protocol. The new Consultation Protocol outlines how meaningful consultation on development projects and decisions can take place between the Taykwa Tagamou Nation (TTN), the Crown, and proponents. To view the Protocol, please visit the TTN website.

About Us
Coral Rapids Power is a company wholly owned by the Taykwa Tagamou Nation.weblogo Coral Rapids Power has been given a mandate to explore and develop hydroelectric opportunities within the Traditional Territory of the Taykwa Tagamou Nation. At this time, Coral Rapids Power has entered into a Partnership with Ontario Power Generation Inc. for the purpose of planning, constructing and operating an approximately 28 MW run of the river hydroelectric generation facility on New Post Creek.
This project will help Ontario meet its goals of increasing its supply of electricity generated by renewable sources. According to the Ontario Power Authority, Ontario plans to increase its supply of hydroelectric power from 7,800 MW by almost 40% by 2025, which will require significant investments in many new projects.
This project also provides the Taykwa Tagamou Nation with a long term investment opportunity for a sustainable economic base for the community, and will provide spin off benefits for the entire region. Coral Rapids Power will also pursue other hydroelectric projects in the Traditional Territory of the Taykwa Tagamou Nation.