News
Sep 22, 2009Ottawa Commits $130MM Towards Northwest BC Transmission Line
After years of tribulation, it seems British Columbia’s Northwest Transmission line may finally move towards construction, after the Canadian federal government pledged to contribute up to $130MM in funding towards the project. The total expected cost of the line is $404MM, leaving $274MM to be covered by the province and possible private sector investors. The line will open up significant opportunities for mining and renewable energy projects throughout British Columbia’s northwest region, potentially spurring billions of dollars in private investment. Given these opportunities, private sector support will likely be adequate enough to compliment a Provincial contribution and move the project towards completion. Application for environmental review is currently underway, implying that construction may start as early as 2010, with COD sometime before 2012.
CanGEA is extremely pleased that this transmission line in British Columbia will be installed and near completion next year. We hope that this new installment is used to its greatest potential, as we need to wait for the B.C. government to allow geothermal permits to be gained in the area. The current moratorium is slowing down the development of renewable resources, and CanGEA hopes that this transmission line will reinforce the magnitude of our need for new, reliable, clean energy - such as geothermal.
