Winnipeg Free Press - PRINT EDITION
Posted: 07/23/2014 1:00 AM | Comments: 0
MANITOBA Hydro has inked a deal to sell more power to Saskatchewan.
The Crown utility said in a statement Tuesday it will supply 25 megawatts of electricity to SaskPower from November 2015 to May 2022.
When combined with a previously announced short-term sale, the export deals are now worth more than $100 million, Hydro said.
"This 25-megawatt deal represents the first long-term firm sale between the two provinces in recent memory," Scott Thomson, president and CEO of Manitoba Hydro, said in a news release. "It demonstrates that the demand for renewable hydroelectricity from Manitoba--demand that we are working to convert into long-term export sales--is growing, not just in the United States, but in Canada as well."
Hydro also said it and SaskPower signed a memorandum of understanding (MOU) a year ago to discuss the additional purchase of up to 500 MW of power starting in approximately 2020. That power would come from the estimated $6.5-billion Keeyask generating station, now under construction on the Nelson River.
"We want to ensure that we are able to meet the growing demand for power across the province, and keep power reliable, affordable and sustainable," Robert Watson, SaskPower president and CEO, said in a statement.
SaskPower serves more than 500,000 customers in Saskatchewan through three coal-fired plants, seven hydroelectric and six natural-gas generating stations and two wind farms.
Energy purchased under the 25-MW contract will be sent to SaskPower over existing transmission lines between the two utilities.
Manitoba Hydro says since 2003, its export sales have totalled $5.6 billion and the utility forecasts its total export revenues, mostly to the U.S. utilities, will be $16 billion over the next 20 years and $29 billion over the next 30 years.
Republished from the Winnipeg Free Press print edition July 23, 2014 B5
Have you found an error, or know of something we’ve missed in one of our stories? Please use the form below and let us know.
Having problems with the form?Contact Us Directly
Birtle farm boy goes global
Haggen chain buying 146 Safeway, Albertsons stores
Many happy returns
Prosecutors: Fraudster used funds to freeze wife
Hole for the holidays
Why the Sony hack isn't big news in Japan
N. Korea proposes joint probe over Sony hacking
This spy phone will self-destruct
Facebook less fun, trustworthy for young teens
China ready to rescue Russia, premier says
It isn't freedom without access to markets
Toyota Camry named best value
Why office secret Santas are the worst idea ever
Career tips for new mayors... and others