Plutonic Power and shishalh Nation are currently parties to an existing IBA for development of the $660m 196MW East Toba River and Montrose Creek hydroelectric project.
With the signing of this agreement, the shishalh Nation and Plutonic Power have agreed to the terms by which transmission infrastructure will be built in shishalh traditional territory to support future renewable energy projects.
Rupert Legge, executive vice president of Plutonic Power, said: "We are extremely proud to be signing this agreement today with the shishalh Nation - one of the leading First Nations in BC working on renewable energy projects. We value greatly our working relationship with the shishalh Nation and we look forward to a future of shared prosperity by working together within the shishalh Nation's Traditional Territory."
The agreement includes: revenue sharing provisions; job, training and contracting opportunities; environmental considerations; protection of cultural and heritage resources; access understandings; and provisions to ensure that future transmission access is effectively managed in shishalh Nation traditional territories.