Vancouver Island to see $3B in BC Hydro upgrades, expansion over the next decade
VICTORIA — British Columbia’s power provider is planning to spend more than $3 billion on capital projects to upgrade and expand the electricity grid on Vancouver Island.
Energy Minister Josie Osborne says the BC Hydro projects will create thousands of jobs over the next decade and ensure the region has enough clean, affordable and reliable electricity to power homes, businesses and the economy.
The spending is part of BC Hydro’s updated 10-year capital plan announced in January, which commits $36 billion to regional and community infrastructure.
A statement from Osborne’s ministry says that represents a 50 per cent increase in investments over the previous capital plan.