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Canada Infrastructure Bank grants $24M to biomass plant for Opitciwan

A $24mn financing supports the construction of a 4.8 MW biomass plant designed to replace diesel in Opitciwan, bringing jobs and enhanced energy security for the Atikamekw community.

Canada Infrastructure Bank grants $24M to biomass plant for Opitciwan

CompaniesHydro-Québec
SectorRéseaux électriques, Réseaux chaleur, Stockage énergie, Batteries, Distribution, Cogénération biomasse
ThemeInvestissements & Transactions, Financement, Développement de projets

The Canada Infrastructure Bank (CIB) has completed a $24mn loan to enable the Atikamekw community of Opitciwan, located in northern Quebec, to begin an energy transition aimed at reducing its reliance on diesel as its main electricity source. This financial package supports the construction and operation of a 4.8-megawatt biomass cogeneration plant.

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Réseaux électriques