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Publish Date : 20-Nov-2013

Governments of the Manitoba and Saskatchewan have announced a deal for SaskPower to buy an additional $100 million of electricity from Manitoba Hydro over a period of next eight years.

Minister Responsible for SaskPower Bill Boyd, said, "With Saskatchewan's economy growing fast, demand for electricity has been increasing at more than twice the historical average."

"I'm pleased SaskPower has reached an agreement with Manitoba Hydro that will add clean, affordable electricity to the Saskatchewan grid and help the province's economy with power to grow for many years to come."

Municipal Government Minister Stan Struthers, minister responsible for Manitoba Hydro, said, "Manitoba Hydro power is in high demand, not only in our traditional export markets in the United States, but increasingly among our western neighbours as well."

"This sale will help us keep rates low for Manitoba families and businesses, and create thousands of good jobs as we work towards a reliable western Canadian energy grid for future sales."

Between Manitoba and Saskatchewan, this agreement is said to be the single-largest power sale deal.

Additionally, SaskPower and Manitoba Hydro have even signed a memorandum of understanding on a much larger 500 megawatts purchase after 2020.

Robert Watson, SaskPower President and CEO, said, "We're working with our neighbours to plan for Saskatchewan's future growth collaboratively."

"Our goal is to ensure that the demand for power is met consistently across the province, and that we're making use of resources that are affordable and renewable."

Scott Thomson, President and CEO of Manitoba Hydro, said, "SaskPower's interest in securing hydroelectricity from Manitoba matches our plans to build new dams and transmission lines to ensure there'll be enough power in the next decade when Manitobans need it."

"We look forward to working with SaskPower to build on the history of electricity trade with Saskatchewan as we develop the initiatives outlined under this MOU."

Through this MOU the two utilities will be able to share experiences and knowledge on various other issues of mutual interest which includes Aboriginal relations, electricity efficiency measures and employee recruitment and retention.

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