We can start an aboriginal renewal under 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
- Notakwanon River
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 Density is 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.