Birch Narrows Dene Development (BNDD), which is owned 100 per cent by the Birch Narrows Dene Nation, is very pleased to announce its first investment in Saskatoon. Birch Narrows Media Release Dec 19
July 5, 2013
There’s a lot of excitement around MLTC Resource Development LP these days. The Meadow Lake Tribal Council’s corporate arm, commonly known as RDI, has built a strong track record for success in Saskatchewan and things are only getting better.
MLTC Resource Development LP (RDI) governs the investment portfolio of the Meadow Lake Tribal Council (MLTC) and its nine bands, striving to provide sustainable long term returns to its shareholder First Nations. The company’s holdings are impressive. With significant ownership of companies like West Wind Aviation, MLTC Ceres Fertilizers, Lac La Ronge Wild Rice, and Western First Nations Hospitality as well as its wholly-owned subsidiaries NorSask Forest Products, MLTC Northern Trucking and Polar Oils, RDI has become a major contributor to the Saskatchewan economy.
In 2013, RDI launched a new company, MLTC Industrial Investments LP (MLTCII). This company was created to achieve higher returns and dividends by streamlining operations and decision making at NorSask Forest Products, Polar Oils and MLTC Northern Trucking. These three companies have been the backbone for MLTC’s resource development agenda and the synergies among them have helped leverage their strengths to successfully transition to the bio- energy sector. Industrial Investments is working towards the construction of a 36MW bio-energy power plant fuelled mainly by logging debris and wood waste from the NorSask mill. With development work nearing completion and a 25-year power purchase agreement signed with SaskPower, MLTCII expects to begin construction on the plant this fall.
MLTC Industrial Investments has its head office in Meadow Lake and a satellite office in Saskatoon. MLTC II’s strong management team and experienced professional Board of Directors are accountable to MLTC Resource Development LP, which remains the governing body for all of the Meadow Lake Tribal Council’s corporate ventures.
MEADOW LAKE, SASKATCHEWAN (July 16, 2012 ) – The Honourable John Duncan, Minister of Aboriginal Affairs and Northern Development; Eric Sylvestre, Tribal Chief of the Meadow Lake Tribal Council; Robert Watson, President and Chief Executive Officer of SaskPower; and Ben Voss, President and CEO of MLTC Resource Development Inc. (MLTC RDI), announced today an investment in an environmentally sustainable biomass power project in Meadow Lake, Saskatchewan.
The largest project ever undertaken by the Meadow Lake Tribal Council, the Meadow Lake Bioenergy Centre will run on bark, branches, sawdust and wood chips from the NorSask Forest Products saw mill. It will generate up to 36 megawatts of renewable low-emissions power, which is enough to power roughly 30,000 homes.
MLTC RDI has recently signed a 25-year power purchase agreement with SaskPower, the primary supplier of electricity in Saskatchewan, a first of this size for a First Nation corporation in the province.
“This investment is one way that the Government of Canada is delivering on its commitment to create conditions to accelerate economic development opportunities for First Nations and maximize benefits for all Canadians,” said Minister Duncan.
The Government’s contribution of $499,000 will enable MLTC RDI to complete the necessary pre-development work for the project, including obtaining the necessary agreements, contracts, project designs and environmental assessment reports. MLTC RDI is investing $376,000 toward this important stage of the project.
“It is with great enthusiasm that we announce today an important milestone in the development of the Meadow Lake Bioenergy Centre,” said Chief Sylvestre. “This project is the culmination of our investment in, and a commitment to, MLTC’s growth that will generate many economic opportunities for our First Nations. We want to thank the Government of Canada and SaskPower for their commitment and contributions to our project.”
“Supporting the development of renewable electricity technologies, like biomass, is part of our sustainable plan to power the province,” said Mr. Watson. “This project will help us meet Saskatchewan’s growing need for power, and open the door for the First Nation to benefit from resulting economic development opportunities.”
“Renewable energy is not only a great economic opportunity, but a sustainable business venture for decades ahead,” said Mr. Voss. “Through the strong relationship with SaskPower as well as the support of the Government of Canada, this project is now able to move forward as the largest business venture we have ever undertaken.”
This release is also available on the Internet at www.aandc-aadnc.gc.ca.
For more information, please contact:
Office of the Honourable John Dunca
Aboriginal Affairs and Northern Development Canada
Media Relations, Regina
MLTC RDI Inc.
Ben Voss, P. Eng
President & CEO
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The Meadow Lake Bioenergy Centre is expected to create 300 jobs over its two-year construction period and 25 permanent jobs to operate the new plant. The centre is also expected to contribute to the creation of new jobs and investment in spin-off industries to service the centre as well as supply biomass fuel and other materials. It is anticipated that the centre will be in service in early 2014.
Funding for this initiative was made through Aboriginal Affairs and Northern Development Canada’s Major Projects and Investment Funds (formerly known as ) , which is designed to help Aboriginal businesses partner in some of the most important energy and economic development projects in the country. This initiative is supported by the Federal Framework for Aboriginal Economic Development, the Government of Canada’s policy framework outlining its vision, priorities, and strategy for increasing the participation of Aboriginal peoples in the Canadian economy.
The Meadow Lake Tribal Council Resource Development Inc. (MLTC RDI) manages and grows the investment portfolio of the Meadow Lake Tribal Council and its nine bands. The nine First Nations include: Canoe Lake, Flying Dust, Island Lake, Makwa Sahgaiehcan, Waterhen Lake, Birch Narrows, Buffalo River, Clearwater River and English River.