BC Hydro, in conjunction with British Columbia's Ministry
of Energy, Mines and Low Carbon Innovation, will issue a call for
power for new sources of renewable, emission-free electricity in
spring 2024 (Call for Power). The Call for Power includes a
requirement for Indigenous equity participation in proposed
projects. Here are four things you should know.
1. There must be at least 25% Indigenous equity in the
project
BC Hydro is prioritizing projects that include meaningful equity
participation by First Nations. A draft
request for proposals (RFP) outlines the requirement that
projects include equity participation by “one or more B.C.
First Nations whose asserted traditional territory includes the
location of the proposed project.” The RFP defines equity
participation in a relatively flexible manner that may provide for
unique structuring options. The level of Indigenous equity must be
maintained for at least three years from the commercial operation
date. The
