Hydro Quebec Distribution
Hydro quebec production generates electricity to supply the domestic market and sells its excess output on wholesale markets.
Hydro quebec distribution. The 40 year term loan is set to match the duration of the 40 year power purchase agreement signed with hydro quebec distribution. For over 25 years hydro quebec distribution has been allowing other companies to use some of its structures 1500000 poles and over 2000 km of underground conduits under a beneficial leasing arrangement. We also offer balancing and firming capacity services to hydro quebec distribution to offset variations in wind farm output and thereby facilitate the integration of this energy source. Hydro quebec distribution presents its 2019 results and activities to the regie de lenergie.
Hydro quebec distribution is hydro quebecs largest division. Its mission is to deliver a safe reliable power supply and offer outstanding customer service. Following the adoption of an act to simplify the process for establishing electricity distribution rates hydro quebec sends the regie de lenergie information related to its electricity distribution activities on an annual basis. Hydro quebecs electricity transmission system is an international power transmission system centred in quebec canada.
Il delivers electricity through its distribution lines which crisscross the province and extend for 224000 km. Innavik is a run of river hydroelectric facility on the inukjuak river near inukjuak nunavik in northern quebec. In 2015 the provincial government approved hydro quebecs plan for a new line from the saguenay lac st jean region to the montreal area to meet the growing demand for electricity. The construction loan will convert into a 40 year term loan carrying a fixed interest rate of 395 once the facility reaches commercial operation scheduled in december 2022.
And the pituvik landholding corporation announce the closing of a 928 million non recourse construction and term project financing with the manufacturers life insurance company for the construction of the 75 mw innavik small hydro project. If your company specializes in cable services telecommunications or data transmission our program can help you to set up and. The division operates an off grid hydroelectric dam serving communities on the lower north shore and 23 small diesel power plants in the magdalen islands in haute mauricie and in nunavik. Before doing so the company invites the public to review the information and share any observations.
The system pioneered the use of very high voltage 735 kv alternating current power lines that link the population centres of montreal and quebec city to distant hydroelectric power stations like the daniel johnson dam and the james bay project in northwestern quebec and the churchill falls generating station in labrador. According to forecasts electricity demand will continue to rise in quebec driven by a vigorous economy and the development of new markets such as the data center sector. Hydro quebec distribution is also responsible for the production of power in remote communities not connected to the main power grid.