02/29/2016
CONGRATULATIONS CCDC!!!
Cayoose Creek Development Corp. Announces Acquisition of Walden North Hydroelectric Project
LILLOOET, B.C. February 25, 2016 - Cayoose Creek Development Corp. (CCDC), the economic arm of Sekw'el'was Cayoose Creek Indian Band, is pleased to announce the completion of the Walden North Hydroelectric project acquisition in partnership with Innergex Renewable Energy Inc. (Innergex). The newly formed partnership Cayoose Creek Power LP, acquired the 16MW run-of-river facility from FortisBC for a final total purchase price of $9.2 million. The Walden North project is located on Cayoosh Creek in Sekw’el’was traditional territory just south of Lillooet, BC.
“This is only the beginning of our ascent towards re-establishing a thriving local economy like the rich history our ancestors had,” stated Sekw'el'was Chief Michelle Edwards, “There are many long-term benefits for Cayoose and other St’at’imc communities, as well as the local Lillooet community. We feel there is a lot of focus on larger developments throughout the province, with small communities like Lillooet being forgotten or overlooked.
The Walden North facility and surrounding estate is the forefront of further opportunities for Sekw'el'was Cayoose Creek Band. The estate itself is a multi-use property and with both archaeological and commercial value and fits into the community’s greater economic vision.
“This effort was indeed all hands on deck” noted Akemi Siu, Chief Executive Officer for CCDC, “Cayoose leadership was consistently strong and disciplined while working towards agreements with significant players in the BC energy sector. Ownership of a significant revenue-generating asset is the result of this amazing dedication.”
About Cayoose Creek Development Corp. (CCDC)
Cayoose Creek Development Corp. (CCDC) is the economic arm of Cayoose Creek Band, responsible for the oversight and development of it’s revenue generating assets, acquisitions and creation of business opportunities for the community.
About the Cayoose Creek Band
Cayoose Creek Band or Sekw’el’was is nestled in the middle of the Fraser Canyon, just south of Lillooet, BC on Highway 99. Sekw'el'was is known as a gathering place for many neighboring nations. The community of just under 200 has survived and thrived through many hardships. Community members are proud of their roots and the community has a rich history of tool making and trading with other nations. Sekw’el’was is a member of St’at’imc Nation.
For additional information, please contact:
Trish Andrew, Executive Administration
Cayoose Creek Development Corp. (CCDC)
e-mail: [email protected]
Phone: 250-256-4136
