The City of Saskatoon has unveiled plans to build a hydropower station at the weir on the South Saskatchewan River.
An agreement is being signed between the city and the Saskatoon Tribal Council to jointly own the power facility, which will cost up to $62.1 million.
The project is expected to be funded by the STC and private sector partners.
Darrell Balkwill, chairman of STC Investments Inc., says First Nations can benefit from employment, training and education opportunities that extend beyond the construction phase of this project.
He says investment returns from this project will allow them to continue to support community infrastructure and social programs in their member communities.
Depending on final design approvals, the station is expected to be able to power between 2,400 to 3,500 homes in the city each year.
(CKOM)
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