The First Nation Regeneration Fund’s first deal finances a renewable energy project owned by the Taku River Tlingit First Nation in Atlin, BC. Xeitl is a Tlingit-owned power company that recently built a run-of-river, two-megawatt hydro power project on Pine Creek about five kilometres from Atlin.
The hydro plant began operations on April 1, 2009, allowing Atlin to turn off its diesel-powered electricity generator. Each year, Atlin has burned almost 1.5 million litres of fuel which created 4,500 tonnes of greenhouse gases. The new run-of-river hydro plant will reduce Atlin’s carbon footprint the equivalent of removing 1,600 cars from city streets.