We can start an aboriginal renewalunder the Aboriginal Loan Guarantee Program for the HUG. Aboriginal communities will be eligible for loan guarantees for assistance of up to 85% of total eligible economic development costs. These communities may offer land as cash in kind as part of their investment.
ABORIGINAL TOURIST, HUNTING AND FISHING CAMPS WITH ELECTRICITY
The Federal Aboriginal Loan or Grant for Industrial Development of Native Reservations for a pilot energy project:
On the St. Charles River on the Wendake Reservation.
With Native Communities near Fort McMurray: People of the Lower Athabasca
Electricity for the Ring of Fire Mining Companies
The Nation Huronne-Wendat may wish to offer the value of the land, on which the project is operating, as cash-in kind, as part of their contribution to the funding sources.
The most important consideration is cost: $885/kW is unusually low compared to most other hydro electric generation systems. In 2009, Hydro-Quebec cost for 4500 MW was $5,100/kW. See the comparison chart below.
Presently no patents exist to capture energy from fast moving rivers up to now. The Power Density of any pilot projects designed to capture energy from tides is 2.4 to 6.9 kW/m2. The reason for the low efficiency is that the flow of a current treats all these turbines as obstacles to be avoided. The HUG Power Densityis an unbelievable 73 kW/m2.The Power Density increases to the cube of the velocity and the HUG velocity is four to five times faster than the competition.
The Innovative HUG System creates approximately $18 million in new revenue period over three years– with an investment of $ 7 million over the same time frame; netting $11 in new money, yet this investment can be flipped as a HydroPublic Private Partnerships, earning a pre-tax return of 10% for decades. Based on these high earnings, the value of the investment will appreciate accordingly.
These take different forms. Many employ a mix of public and private funding, with the operation and maintenance of the infrastructure performed by a private enterprise on behalf of the government. The most familiar example of a PPP is the Confederation Bridge between New Brunswick and Prince Edward Island. But there are still relatively few existing PPPs in Canada.
Other countries, such as the United Kingdom and Australia, offer many examples of successful PPP infrastructure. Unlike most jurisdictions in Canada, these other countries already have a well-developed legal and regulatory framework for PPP investments
OUR NORTHYDRO STRATEGY
Stage 1 To capture energy from Run-of-River, Rapids and Waterfallswith theHUG
Stage 2 To introduce a smaller version of the HUG: for Fish and Hunting Camps
Stage 3 HUG Hydro electricity and irrigation in remote areas: to support work in Africa.
Stage 4 To Introduce the HUG Water Transfer System to crisis area
Stage 5 To introduce commercially viable HUG Tidal Energy
An Innovative HUG technology establishes a new needed Canadian infrastructure,which in turn implements and spins off other technologies. It dovetails into Aboriginal needs and concerns.
Aboriginal entrepreneurs may receive up to $99,999 in funding assistance For community-owned businesses, this assistance can vary but can be up to $250,000. A successful application requires a balanced financial package, involving debt financing from other sources and a minimum of 10% cash equity.
New technology leads to new growth opportunities: HUG is a Patented Energy System that will literally change the potential of the Cree Nation as we know it.
The proposed Great Whale Project reservoirs would have covered 3391 square kilometres, transforming 1667 square kilometres of land environment and 1724 km of aquatic environment (lakes and rivers). The three underground generating stations proposed to tap this water were to have installed capacity exceeding 3200 MW. There is another solution: The HUG!