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Investment of 1 billion - ITUM a partner in wind energy projects
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28 August 2012
On 28 August 2012 Nation Talk reported:
Innu Takuaikan Uashat Mak Mani-Utenam (ITUM) has announced that it will partner with three businesses in order to participate on the development, construction, and operation of wind energy projects on the traditional territory of the Uashaunnuat people. The total estimated capacity of the projects is 250 MW. The projects, which represent a potential investment of more than $1 billion, will enable the creation of approximately 300 jobs during the construction phase and 30 jobs once the facilities are operational, in addition to generating royalties. 'We view these projects as a very important development tool for our community,' stated Chief Georges-Ernest Gregoire. 'We are constantly seeking ways of diversifying our economy, and we believe that the members of the community will draw maximum benefit from these sustainable development projects. Windmills produce renewable energy, which responds to our community's concerns about the environment'.
Global Good News service views this news as a sign of rising positivity in the field of business, documenting the growth of life-supporting, evolutionary trends.
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