Lonsdale Energy Corporation or LEC is a wholly owned city of North Vancouver

North Vancouver, British Columbia (city)

The City of North Vancouver is a waterfront municipality on the north shore of Burrard Inlet, directly across from Vancouver, British Columbia. It is the smallest of the three North Shore municipalities, and the most urbanized as well...

 corporation working in partnership with Terasen Utility Services to deliver energy services to the Lower Lonsdale

Lower Lonsdale

Lower Lonsdale is a historic waterfront neighbourhood in the City of North Vancouver. Lower Lonsdale runs up Lonsdale Avenue from Lonsdale Quay to Keith Road. Its history is inseparably connected to the lumber and shipbuilding industries on the North Shore of Burrard Inlet, as well as ferry...

 area of North Vancouver. It has received $8 million in government and private sector

Private sector

In economics, the private sector is that part of the economy, sometimes referred to as the citizen sector, which is run by private individuals or groups, usually as a means of enterprise for profit, and is not controlled by the state...

 funding. Green Municipal Funds, endowed by the Government of Canada

Government of Canada

The Government of Canada, formally Her Majesty's Government, is the system whereby the federation of Canada is administered by a common authority; in Canadian English, the term can mean either the collective set of institutions or specifically the Queen-in-Council...

 and administered by the Federation of Canadian Municipalities

Federation of Canadian Municipalities

The Federation of Canadian Municipalities is a civic advocacy group representing many Canadian municipalities. It is an organization with no formal power but significant ability to influence debate and policy, as it is main national lobby group of mayors, councillors and other elected municipal...

, support the project with a $2 million low-interest loan

Loan

A loan is a type of debt. Like all debt instruments, a loan entails the redistribution of financial assets over time, between the lender and the borrower....

 and a $2 million grant

Grant (money)

Grants are funds disbursed by one party , often a Government Department, Corporation, Foundation or Trust, to a recipient, often a nonprofit entity, educational institution, business or an individual. In order to receive a grant, some form of "Grant Writing" often referred to as either a proposal...

. Terasen Utility Services and the municipality are each providing $2 million.

The district energy system will produce hot water at a series of mini-plants within Lower Lonsdale
and then distribute the hot water energy through underground pipes to buildings connected to the
system. Once used in the connected buildings, the water is returned to a mini-plant, reheated and
circulated back to the connected buildings.