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Hydro-Québec unveils a $33B renewable energy project in Labrador, boosting US-Canada energy ties.
Hydro-Québec CEO Michael Sabia highlights a $33-billion renewable energy project in Labrador, aiming to produce 9,190 megawatts of electricity.
The project could make Canada a reliable partner for the US in energy and other industries.
Quebec Premier François Legault praised a new agreement, which ensures lower electricity rates and caps annual residential rate increases at 3%.
The deal also includes investments for new power plants and aims to increase production to over 11,000 MW by 2035, while involving Indigenous communities in project planning and implementation.
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Hydro-Québec presenta un proyecto de energía renovable de $33B en Labrador, impulsando los lazos energéticos entre EEUU y Canadá.