The project would represent an estimated investment of $475M (projections based on similar projects).
Economic impacts for the region during construction.
Onimiki project aims to boost the economy of Témiscamingue. Hundreds of jobs would be created during the construction period. Subsequently, community partners could use the profits as economic leverage to attract businesses that would create good, paying and sustainable jobs.
Benefits after the implementation
- The stability of the green energy supply would allow new businesses to come and settle in the region.
- Citizens of the region would no longer have to go back to Ontario because of frequent power outages, as is currently the case
A plus for the communities
With the benefits it would generate, the Onimiki project would constitute an important social development lever for First Nations communities and citizens of the Témiscamingue territory.
The evaluations make it possible to estimate that this mini power plant would generate net income from the first year of operation. Detailed financial projections will be produced over the coming months.
This money could be used to implement economic, social and environmental development projects such as creating jobs by attracting businesses to the region, building schools and long-term care units for First Nations, providing more resources to our young people, our elders or even supporting innovative measures to address climate change.