Boralex Inc. has announced it has secured $74.3 million in financing for the Yellow Falls hydroelectric project on the Mattagami River in Ontario, Canada. Great West Life Insurance Company and London Life Insurance Company are providing the long-term financing of the 16MW station – covering approximately 81% of estimated project costs. The Yellow Falls project will mark Boralex’s first hydropower project developed alongside First Nation partners the Taykwa Tagamou Nation and the Mattagami First Nation. The two First Nations, together with one of the original developers of the project, have contractual rights to acquire a participation of up to 31.25% of the project. Construction of Yellow Falls is currently underway, with commissioning planned for the end of the second quarter of 2017. The plant will operate under a 39- year power purchase agreement with IESO.