Friday, April 8, 2011

Canada's power grid needs $294 billion CAD investment in coming years

In a report entitled Canada’s Electricity Infrastructure: Building a Case for Investment just released by the Conference Board of Canada, Canada’s power grid will need an annual investment of approximately $15 billion CAD for the next 20 years ($300 000 000 000 Canadian dollars) in order to service old infrastructure and boost power generation from renewable sources like wind, solar and biomass energy.

According to the report, the largest portion of the recommended investment — $195.7 billion CAD — is required for power generation, with another $62.3 billion CAD required to improve the distribution system and $35.8 billion CAD for transmission.

The necessary investments in generation identified in the report include building new plants with renewable energy sources as well as refurbishing, repowering or retiring existing stations.

The report forecasts a continued reliance on both public and private investment in Canada's electrical grid, without recommending specific arrangements.

The full report can be downloaded here: http://www.conferenceboard.ca/.

1 comment:

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