Canada`s power grid needs $293B infusion

Canada’s power grid will need an annual investment of $15 billion for the next 20 years in order to maintain aging facilities and meet rising demand, according to a report released Thursday.

Canada’s Electricity Infrastructure: Building a Case for Investment, a study funded by the Canadian Electrical Association and conducted by the Conference Board of Canada, suggests that a total investment of $293.8 billion is necessary between now and 2030 to service old infrastructure and boost power generation from renewable sources like wind, solar and biomass energy.