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Inuvialuit gas plant gets $100M loan from Canada Infrastructure Bank

Summary by CBC News
The Canada Infrastructure Bank is loaning the Inuvialuit Regional Corporation $100 million to develop a natural gas well that is expected to provide the region with fossil fuel and synthetic diesel for more than 50 years.

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Northern News ServicesNorthern News Services
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Yukon NewsYukon News

Canada Infrastructure Bank grants $100-million loan for Inuvialuit natural gas plant

Project is expected to cost $293 million in total

·Canada
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CBC NewsCBC News

Inuvialuit gas plant gets $100M loan from Canada Infrastructure Bank

The Canada Infrastructure Bank is loaning the Inuvialuit Regional Corporation $100 million to develop a natural gas well that is expected to provide the region with fossil fuel and synthetic diesel for more than 50 years.

·Canada
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ReNew CanadaReNew Canada

Inuvialuit energy project receives support from the Canada Infrastructure Bank  – ReNew Canada

Inuvialuit Energy Security Project Ltd. and the Canada Infrastructure Bank (CIB) announced financial close on a $100 million loan towards a community-driven solution to enhance energy security and reliability in the Inuvialuit Settlement Region (ISR). “The CIB is proud to invest in an Inuvialuit-led solution to enhance energy security and affordability in some of the most northern, remote regions of Canada. Our loan supports the IRC as they adva…

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On-Site MagazineOn-Site Magazine

Canada Infrastructure Bank supporting energy infrastructure in the Far North - On-Site Magazine

Representatives from six communities celebrate the announcement of Inuvialuit-led infrastructure that will support a more reliable and affordable energy supply. (Back row from left to right): John Lucas Jr., Sachs Harbour Community Corporation; Colin Okheena, Ulukhaktok Community Corporation; Jordan McLeod, Aklavik Community Corporation; Melinda Gillis, Inuvik Community Corporation; Darrel Nasogaluak, Tuktoyaktuk Community Corporation. (Front ro…

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Cabin RadioCabin Radio

IRC receives $100M federal loan for new gas plant

A new gas plant expected to provide decades of fuel to Inuvialuit communities will be partly paid for through a $100-million loan from a Crown corporation. The post IRC receives $100M federal loan for new gas plant first appeared on Cabin Radio.

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Cabin Radio broke the news in on Thursday, February 20, 2025.
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