Jan 4 2010
Nova Scotia Power is planning to invest hundreds of millions of dollars in 2010, which will help to boost the provincial economy. The company has spent approximately $150 million on capital projects in recent years. Nova Scotia Power has spent in excess of $270 million during the year 2009. The company has allocated more than $400 million for capital projects for the year 2010 and expects to invest significant amounts in Nova Scotia during the next few years.
Mark Savory, Vice President of Technical and Construction Services for Nova Scotia Power, said that the company is making investments in capital projects and recruiting more people, employing more consultants and contractors. He further added that a substantial portion of the capital investment is for emission reductions and for generating power from renewable sources.
The company is developing many projects at present including wind and tidal power, mercury emissions reduction, generation of power from waste heat, a new office building, and improving reliability of the utility grid.
Mark Savory said that the company is investing in the region by buying goods and services across Nova Scotia, which helps to create more jobs. The company is employing people such as power line technicians, project managers, engineers, and skilled construction traders for the forthcoming projects.
Some of the capital projects completed by the company include Trenton generating station and mercury reduction program at Trenton, Point Tupper and Lingan generating stations. The projects that are currently under way include tidal turbine test project in the Bay of Fundy, Tufts Cove waste heat project, Lower Water Street office project and Nuttby Mountain wind farm project that is located about 20 kilometers from north of Truro. In addition, the company has also undertaken electricity grid improvement project that started in the year 2009.
Source: http://www.nspower.ca