SaskPower plans to make a capital investment C$1.15 billion ($852.5 million) to grow and modernize the provincial electricity system during the 2023-24 fiscal year.
Planned expenditures include C$517 million ($383.3 million) to maintain and upgrade existing transmission, distribution and generation assets, and C$505 million ($374.4 million) in growth projects, including investments in new natural gas-fired plants such as the Great Plains Power Station and the Aspen Power Station.
The Great Plains Power Station is a 360 MW plant to be located in Moose Jaw’s Agri-Food Industrial Park. According to SaskPower, the plant is expected to be online sometime in 2024.
The Aspen Power Station is a 370 MW plant to be located near Lanigan.
SaskPower said the funding will also cover major generation projects such as the ongoing E.B. Campbell and Coteau Creek refurbishments and Ermine/Yellowhead Power Station expansions.
The utility said the 2023-2024 capital investment represents an increase of C$98 million ($72.6 million) over the previous year.
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