First Nations Investment Philosophy

Partnership


They key to any successful project is a successful partnership. Partnering with GPC means:

  • Forming sustainable projects AND sustainable relationships.
  • An 'open door, open book' interaction, now and throughout the project.
  • A clear understanding of roles, responsibilities, and expectations from the outset.
  • A full cycle approach to partnership formation that ensures our partners will have the capability and capacity to become successful owners.
  • A strict adherence to our mission and vision, First Nations come First.

Scholarship


A fundamental principle of the GPC First Nations Investment Philosophy is to provide education and training to its First Nations partners to, among other things, enable transition of responsibility and control of the generating asset. This requires training and support in developing a community skill-set in addition to a power project. To this end a project with GPC:

  • Establishes a scholarship fund, funded annually out of Project operating revenues, to train community members to fulfill the personnel requirements of the Project.
  • Funds, to the extent feasible, for community capacity building.
  • Enables and encourages youth development and skills retention within the community.
  • Implements the necessary building blocks for future economic expansion and leverage of human capital.

Ownership


The final phase in our partnership journey sees the First Nation become owners of a multi-generational asset that will bring wealth, jobs, and income to the community for decades to come.

  • At the outset of a project, the majority of available revenue (outside of debt servicing, scholarship funding, and other project expenses) is paid to GPC.
  • Once GPC recovers its initial investment plus a fair and agreed-upon rate of return, we transition asset ownership and the balance of revenues to the First Nation.
  • After as little as 10 years (for a typical small hydroelectric project), the First Nation operates a facility that it fully owns and receives 100% of the net revenue from.
  • The project then continues as a legacy asset for the community for generations to come.