$283.5 million being invested for transmission line through central Alberta
The Canada Infrastructure Bank (CIB) is investing $283.5 million for the purpose of constructing a 130-kilometre high-voltage power line through the counties of Red Deer, Lacombe, Stettler and Paintearth.
The loan will save Albertans $135 million over the 30-year financing of the Central East Transfer-Out project, a news release states.
The transmission line is required to relieve power congestion and distribution capabilities in the area, according to the Alberta Electric System Operator (AESO).
The project will supply over 750 megawatts of electricity to the grid.