The Quebec provincial government has proposed a multibillion-dollar plan to develop the province’s remote northern region, including 3,500 MW of hydro and wind projects to help with expected mining and other resource development.
The proposal, called Plan Nord, involves C$80 billion ($83.8 billion) in public and private investment over the next 25 years. In return, it will generate an estimated C$14 billion ($14.7 billion) in revenue in the same time period.
The proposal could see 3,500 MW of hydro and wind energy projects developed to meet the needs of the new projects and the communities surrounding the mining areas.
Quebec is expected to spend C$2.1 billion ($2.2 billion) on infrastructure, social and housing programs and venture capital in mining developments and the communities affected by the development.
The government expects to take in C$14 billion ($14.6 billion) in tax revenue over 25 years as a result of northern development projects.
Read more renewable energy news