abusesaffiliationarrow-downarrow-leftarrow-rightarrow-upattack-typeburgerchevron-downchevron-leftchevron-rightchevron-upClock iconclosedeletedevelopment-povertydiscriminationdollardownloademailenvironmentexternal-linkfacebookfiltergenderglobegroupshealthC4067174-3DD9-4B9E-AD64-284FDAAE6338@1xinformation-outlineinformationinstagraminvestment-trade-globalisationissueslabourlanguagesShapeCombined Shapeline, chart, up, arrow, graphLinkedInlocationmap-pinminusnewsorganisationotheroverviewpluspreviewArtboard 185profilerefreshIconnewssearchsecurityPathStock downStock steadyStock uptagticktooltiptwitteruniversalityweb
Article

2 Jan 2024

Author:
CNW Group, Yahoo! Finance

Canada: Indigenous owned Five Nations Energy partners with Hydro One

“Five Nations Development and Hydro One sign strategic partnership to increase Indigenous economic opportunities in Ontario's energy sector”, 13 December 2023

Five Nations Development Inc., a wholly owned subsidiary of Five Nations Energy Inc., and Hydro One Networks Inc. (Hydro One) today announced the signing of an initial partnership agreement to work together to meet the growing electricity demands in northeastern Ontario while increasing Indigenous participation in the energy sector.

Says Pat Chilton, CEO of Five Nations Energy Inc., "As the only 100% Indigenous-owned electricity transmission company in Canada, our Nations know best how to deliver reliable and safe electricity to First Nation customers, while providing maximum economic benefits to communitie.”

The companies will collaborate to increase First Nation participation in procurement, employment, and training, while supporting efforts to build new long-term economic capacity in the energy sector.

"Hydro One is pleased to work together with Five Nations Energy to build a strategic partnership that will bring a made in Ontario approach to building critical transmission infrastructure. Together, we will energize life for communities across northeast Ontario while advancing increased Indigenous participation in the energy sector," said David Lebeter, President and CEO, Hydro One.

"This partnership with Hydro One highlights the importance of First Nations leadership, participation, and capacity building to advance new energy projects in Ontario," continues Chilton."