Canada Infrastructure Bank to work with the Government of Northwest Territories on Taltson Hydroelectricity Expansion Project
Canada Infrastructure Bank (CIB) and Government of Northwest Territories (GNWT) have announced their advisory services engagement on the proposed Taltson Hydroelectricity Expansion Project. CIB will assist the GNWT in developing the project’s financial structure and business case.
The Government of Northwest Territories has two isolated electricity transmission systems to service the North Slave (Snare Grid) and South Slave (Taltson Grid) regions. The GNWT plans to expand the existing Taltson generating station by constructing a new 60 megawatt, clean energy hydroelectric facility and 270 kilometers of transmission lines to connect the two electrical systems.
Once operational, the new Taltson generating station has the potential to eliminate an estimated 240,000 tonnes of greenhouse gas emissions annually by replacing existing diesel power generation. It will also increase electricity reliability in the regions.
CIB’s work could lead to future investment in the project, subject to all standard due diligence and decision making.
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