Partnership with Trans Mountain and Valard Construction will Create New Economic Opportunities
The Lower Nicola Indian Band Development Corporation (LNIBDC) is pleased to announce that it has entered into a partnership with Trans Mountain and Valard Construction LP (Valard) to build, own, operate and maintain the new 24-kilometre Kingsvale Electricity Transmission Line that will run through the Lower Nicola Indian Band’s traditional territory.
The 138-kV transmission line will connect from BC Hydro’s distribution line and provide additional power to Trans Mountain’s existing Kingsvale pump station, as well as a new Kingsvale pump station, as part of the Trans Mountain Expansion Project.
“This will be the first electricity transmission line to be constructed, majority-owned, operated, maintained and financed by an Indigenous group in Canada. This project will provide valuable economic benefits to the Lower Nicola Indian Band,” says Kevin Ainsworth, General Manager of LNIBDC.
LNIBDC holds a majority interest in partnership with Valard and has negotiated a 20-year contract with Trans Mountain Canada Inc. to construct the transmission line and interconnection to BC Hydro, as well as own, operate and maintain the line, with the potential of renewing the contract for an additional 20 years.
“We are proud to partner with LNIB and Valard on this unique project, which will provide direct and lasting economic opportunities. We are committed to ensuring that Indigenous communities share in the benefits of the Expansion Project and the partnerships we are creating are based on trust, respect and collaboration,” says Ian Anderson, President and CEO of Trans Mountain Corporation.
“We are extremely pleased to be the selected partner in this exciting project. Valard looks forward to working directly with LNIB, Trans Mountain and local Community partners through all phases of this project in support of local economic opportunities and development,” says Barkley Adams, CEO of Valard.
Construction of the transmission line will commence in a series of phased activities along the utility right-of-way through Kingsvale beginning no sooner than February 2020 and is expected to be completed by August 2020.
LNIBDC and its partner Valard will start operating and maintaining the Kingsvale Electricity Transmission Line when construction is completed on behalf of Trans Mountain for a minimum of a year. The transfer of ownership will occur after a separate regulatory process has been completed.
Valard Construction, a Quanta Services company, is Canada’s premier utility contractor, as well as head of the Valard Group of Companies. Valard has full-service capabilities for transmission, distribution, substations, foundations, telecommunications and renewable energy. www.valard.com
Kevin Ainsworth, General Manager
LNIB Development Corporation
Chief Commercial Officer