Re: Watay Power
in response to
by
posted on
Apr 06, 2013 05:35PM
NI 43-101 Update (September 2012): 11.1 Mt @ 1.68% Ni, 0.87% Cu, 0.89 gpt Pt and 3.09 gpt Pd and 0.18 gpt Au (Proven & Probable Reserves) / 8.9 Mt @ 1.10% Ni, 1.14% Cu, 1.16 gpt Pt and 3.49 gpt Pd and 0.30 gpt Au (Inferred Resource)
Phase 1 – New Transmission Line to Pickle Lake:
Project Need:
• Identified within Ontario’s Long-Term Energy Plan as one of five priority projects
• Existing transmission line (over 70+ years old) to Pickle Lake is the province’s worst performing line and has maxed out for power delivery
• Existing line susceptible to frequent and prolonged outages; forest fires in July 2011 left areas without power for 7 – 20 days
• Line outages have a social and economic impact
• Would provide reliable power and capacity for existing grid communities (Mishkeegogamang, Cat Lake, Slate Falls and Pickle Lake), existing industry (e.g. Musselwhite Mine), future industry (e.g. Ring of Fire), and a connection point for remote First Nation communities
Phase 2 – Grid Connection to Remote First Nations Communities:
• Requires completion of Phase 1
• Ministry of Energy directed the Ontario Power Authority (OPA) to develop a plan for remote community connections
• Current planning focus on central loop with consideration for east (towards Ring of Fire) and west (towards Red Lake) expansion
• Seperate Environmental Assessment (EA) for Phase 2 required (targeting mid 2013 start)
• Prelimary corridors developed (see below); these maps are preliminary and for discussion purposes only
Note - Wataynikaneyap will consider expansion to serve additional customers (e.g. other remote communities or industry), if requested by those potential customer
Project Need:
• Grid power would replace reliance on diesel generation in remote communities
• Enables the development of clean, renewable power generation by First Nation communities
• Supports economic development in the north and provides business opportunities for First Nations
• Potential expansion west (to remote communities north of Red Lake) and east (to remote communities and Ring of Fire)
Overall Benefits (Complete Project)
•Over 40 years, the project could result in over 4 million tons of avoided greenhouse gas (GHG) emissions
•Creates approximately 1300 jobs, mostly during construction of the transmission line
•Nearly half of new jobs are expected in northwestern Ontario
•Job and business opportunities for First Nations