HALIFAX — The top of Nova Scotia’s energy utility says the present estimate for what has change into often known as a scaled-down model of the Atlantic Loop electrical grid challenge is about $700 million.
Nova Scotia Energy CEO Peter Gregg advised a legislature committee at the moment that talks proceed on the right way to finance an influence line that will run parallel to an present connection between Onslow, N.S., and Salisbury, N.B.
The road would carry energy from future renewable vitality tasks between Nova Scotia and New Brunswick.
Gregg says the challenge obtained environmental approval late final 12 months and detailed engineering research are underway.
He advised reporters the entire price might double to $1.4 billion if the facility line ultimately runs west to Level Lepreau, N.B.
The challenge is taken into account a key factor of Nova Scotia’s plan to shut its coal vegetation and get 80 per cent of its vitality from renewable sources by 2030.
Final fall, Nova Scotia stated it was too costly to be a part of the Atlantic Loop proposal, a grid challenge that will have transferred to the province hydroelectricity from Quebec and Newfoundland and Labrador.
Gregg says he’s assured the scaled-down challenge might be delivered on time, though he couldn’t give an actual date when development would start.
This report by The Canadian Press was first revealed April, 23, 2024.
The Canadian Press
