Canadian Indigenous Corporation Teams Up with Hydro-Quebec

The Pituvik Landholding Corp. in Inukjuak has paired up with Innergex Development Corp. to develop Innavik, a run-of-river 7.5-megawatt generating station along the Inukjuak river, according to Nunatsiaq News.

The two organizations finalized a power purchase agreement with Hydro-Québec, announced on Monday, May 27.The 40-year agreement will see Innavik sell hydroelectric power for a fixed annual amount to Hydro-Québec.

Hydro-Québec said Innavik’s energy production, which will produce the basic power needs for the community of about 1,800, will result in a 20 per cent drop in its local operating costs.

The estimated cost of the construction is about $125 million. Pituvik will apply for federal grants to cover most of those costs.