BC Hydro is set to invest $57 billion over the next decade to meet growing electricity demand in British Columbia, driven by population growth and the province's push towards decarbonization. This investment will focus on new power generation, transmission, and distribution infrastructure, including major upgrades to existing facilities.

A significant portion—$21 billion—will be allocated to operations and maintenance, which includes upgrading transformers, substations, existing dams, and reservoirs, as well as replacing 100,000 power poles and 25,000 transformers. This is part of BC Hydro’s broader plan to ensure the power grid remains reliable and resilient as demand grows.

According to BC Hydro CEO Chris O’Riley, the province's population grew by 3% between July 2022 and July 2023, marking the largest jump in 50 years. By 2046, the population is expected to increase by 2.4 million people, further straining existing infrastructure.

The investment also includes $5 billion for customer connections, ensuring the grid can support new residential and commercial developments. Additionally, $16 billion will go towards projects like the Site C dam, which will contribute to 3,000 gigawatts of renewable electricity.

Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation, emphasized the importance of preparing for rising demand. "We need to ensure that the power reaches where it is needed," she said, highlighting the role of local distribution in accommodating growth.

Source: vancouverisawesome.com