Canada Infrastructure Bank/ Banque de l'infrastructure du Canada reposted this
I am proud to announce the CIB’s $283.5M loan to support the Central East Transfer-Out (CETO) project with our partners AltaLink and ATCO Electric. This project will strengthen and increase the resiliency of Alberta’s electrical infrastructure and enhance power reliability for future generations. CETO is CIB’s first investment in energy transmission under our $10 billion Clean Power priority sector. We look forward to more partnerships in Alberta and supporting new, cost-effective energy infrastructure. https://lnkd.in/gYpGuR8V ….. Je suis fier d’annoncer le prêt de 283,5 M$ de la BIC pour soutenir le projet Transfert du Centre-Est vers l’extérieur (CETO) avec ses partenaires AltaLink et ATCO Electric. Ce projet renforcera la résilience des infrastructures électriques de l’Alberta, tout en en améliorant la fiabilité de l’électricité pour les générations à venir. CETO est le premier investissement de la BIC dans le transport de l’électricité lié au secteur prioritaire de l’énergie propre. Nous avons hâte d’établir d’autres partenariats en Alberta et de soutenir de nouvelles infrastructures énergétiques rentables. https://lnkd.in/gPBJAVTF
Ehren Cory, this is a monumental step for Alberta's energy infrastructure! I'm excited to see how this project will leverage technology for greater efficiency and reliability.
Hm. From the shadows on Ehren’s face I would assume he is at 235205 Regional Road 25. 😉
Energy Engineering | Consulting | Business Operations
2wThis is a great project Ehren Cory! Transmission is a crucial yet often overlooked aspect of electrification. In general, geographic constraints mean low-carbon energy sources like wind, solar, and hydro and others can be located far from where the power is needed. Robust transmission infrastructure is key to bridging this gap, ensuring renewable energy can reach users efficiently. This project is a good example of working toward a resilient and reliable electrical grid for Alberta.