Na-cho Nyak Dun First Nation and Yukon Energy have signed a Project Agreement for the Mayo hydro enhancement project (Mayo B). The agreement was signed yesterday in Mayo.
It represents the mutual and beneficial interests shared by YukonEnergy and the First Nation of Na-cho Nyak Dun and the importance of this project for Yukon’s future energy needs.
“The signing of this agreement is the first step in our First Nation receiving revenues from a utility for many years into the future and it gives us the opportunity to invest in the ownership of the new hydro electric generating facility,” Chief Simon Mervin said.
“The Agreement will, in turn, provide a long-term source of income for our nation and there will be employment and contracting opportunities,” Councillor Mary McMahon explained.
“Yukon Energy believes this agreement demonstrates our interest in working with The Na-cho Nyak Dun to ensure local benefits and it enables the First Nation to invest in being a part of building a clean energy future for Yukon,” said David Morrison, President and CEO of Yukon Energy.
Along with an investment opportunity, the Na-cho Nyak Dun has an opportunity for substantial economic benefits through sub-contracts and employment opportunities.
In addition to the Project Agreement with Na-cho Nyak Dun, Yukon Energy recently signed a construction contract with Peter Kiewit and Sons Ltd. (Kiewit) to build the Mayo B project, which includes the building of a new powerhouse and water conveyance. Kiewit has hired a Na-cho Nyak Dun liaison person to coordinate the hiring of about 120 people.
Construction of the Mayo B project will not begin until the Yukon Environmental Social Economic Board process is complete and Yukon Energy has received all of the permits necessary for construction.
The Mayo B project is funded in part by Federal government’s Green Infrastructure Fund and a financial commitment from the Yukon government and Yukon Development Corporation. The Mayo B power house brings power generation on site to 15 megawatts without the need for a new dam.
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For more information contact:
Janet Patterson
Communications, Yukon Energy Corporation
(867) 393-5333
janet.patterson@yec.yk.ca
Anne Leckie
Executive Director
First Nation of Na-cho Nyak Dun
(867) 996-2265
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