SaskPower of Canada has announced plans to invest C$1.15 billion (US$850 million) during fiscal year 2023-24 to modernise, sustain, and expand Saskatchewan’s electricity system.
The planned capital expenditures include C$517 million to maintain and upgrade existing transmission, distribution, and generation assets, and C$505 million in growth projects, including investments in new natural gas plants such as the Great Plains Power Station and the Aspen Power Station to be located near Lanigan, Saskatchewan. C$129 million will be invested in smart meter deployment.
Rupen Pandya, President and CEO of SaskPower, said: “Decarbonising a growing power grid is a once in a lifetime challenge, and making the right investments now will help to position SaskPower to provide reliable, sustainable, and cost-effective electricity to customers in the years and decades to come.”
The planned capital work includes: