Thank you, Madam Chair. Yes. As the Minister mentioned, we do have a number of initiatives under way within the Housing Corporation. To identify some of the areas, first off, we would want to recognize that each year, the Housing Corporation makes a significant investment in our capital plan each year. What we do in that process, we do deliver units that are energy efficient, and we deliver units that exceed the National Building Code standards by about 25 percent, so we continue to do that. Within this capital plan that we do deliver every year, there's approximately $3 million of energy components that we do invest both in the new construction and also in our modernization, renovation, repair projects.
In addition to our regular capital plan delivery, the Housing Corporation always looks for opportunities to invest in alternative energy projects. This year, within the next week or two, we are going to be hopefully awarding a tender for a major biomass project here in Yellowknife. It's going to involve 53 housing units. We're converting 45 oil fire furnaces over to biomass, and we're hooking up actually this system to a new eight-plex singles building that we're delivering in town, as well. It's a major project, and we're certainly looking forward to seeing the greenhouse gas emission offsets as well as the added efficiencies that will come from that investment. In addition, we continue to explore other partnership opportunities. We have entered into a partnership in the past with Arctic Energy Alliance, and one of our staff members within our infrastructure division is the vice-president, actually, on that board. We're very involved in their initiatives.
We also continue to support our energy efficiency retrofits with other parties, as well. The Housing Corporation is supporting a number of operating agreements with our third-party housing providers. We refer to them as unilaterals, and those are groups that we inherited the operating agreements from when we entered into the 1999 Social Housing Agreement, and we continue to work with a number of partners. This example would be like Avens, for example, North Slave Housing Corporation here in Yellowknife, TP Housing, and others. We continue to provide them with energy efficiency investments for their operations, as well.
Most recently, I would also want to note that we've worked closely with the Hamlet of Aklavik and supported them with their biomass project. We hooked up a number of our public housing units to their system to ensure that it was sustainable. Finally, just a summary piece: in the last 10 years, the Housing Corporation has invested in seven photovoltaic solar systems as well as five biomass projects in other communities, as well. Thank you, Madam Chair.