Hydro-Quebec will need to invest $155-185 billion to meet electricity demands: CEO

Hydro-Québec president and CEO Michel Sabia will explain his 2035 action plan to members of the National Assembly for five hours on Thursday.
Action Plan 2035, presented on November 2, foresees that Hydro-Québec will invest between $155 billion and $185 billion in the coming years.
   The company wants to decarbonize the economy and create wealth, and to achieve that goal, it estimates it will need an additional 150 to 200 terawatt-hours of electricity to meet Quebec's electricity demand by 2050, or double the current electricity generation.
Hydro-Quebec plans to invest $90 billion to $110 billion by 2035 to increase its generation capacity and increase the capacity of its transmission network.
Between $45 billion and $50 billion should also be used to ensure infrastructure reliability, which the power supplier says will reduce the frequency of power outages by 35 percent over a 7- to 10-year period.
According to this plan, about 35,000 construction workers should be mobilized annually to build new infrastructure.


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