The minister responsible for SaskPower unveiled details on a new program Wednesday.
The new program, called “The Power Generation Program” will provide SaskPower with additional sources of electricity, contribute to the province’s climate change strategy, and offer the province’s industrial and resource sectors another way to reduce their environmental footprint.
Duncan says this will bring between 70-105 megawatts of power onto the provincial grid and comes after a significant amount of consultations with key stakeholders.
He says in the end, he feels as if this will help industry achieve their goal of reducing emissions.
“To help industry reduce their emissions and find a better use for the associated gases that they’re producing with their, in most cases, oil production, rather than just flaring or venting those emissions.” Duncan said.
“We remain committed to reducing our environmental footprint and this program will help us achieve this goal,” Crescent Point President and CEO Craig Bryksa said in a release. “We believe the PGPP program will enhance the competitiveness of Saskatchewan projects by enabling new revenue streams while also reducing GHG emissions and ensuring we are making the most of our valuable resources in Saskatchewan.”
The program is estimated to cost SaskPower about $840 million over the 20-year life of the contracts.