Hydro One to invest in critical electricity infrastructure to support mining operations in northwest Ontario

Hydro One has received a letter from the Independent Electricity System Operator (IESO) confirming the need for clean and reliable electricity to support mining operations in northwest Ontario. As per IESO's updated electricity forecast for the region, Hydro One will invest in the Phase 2 of the Waasigan Transmission Line to support mining operations and Ontario's clean energy future. This new single-circuit 230 kilovolt transmission line between Mackenzie Transformer Station (TS) and Dryden TS will ensure a reliable supply of electricity that supports economic growth.

Hydro One is currently undertaking an Environmental Assessment (EA) for the project under the Ontario Environmental Assessment Act. Nine First Nations in the region have signed agreements with Hydro One and will have the opportunity to invest in a 50 per cent equity stake in the transmission line component of the project. The completion of the line is subject to stakeholder consultation and regulatory approvals.

Source: incestorsobserver.com