Grants and Contributions:

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Title:

Atlantic Loop Strategic Intertie project

Agreement Number:

SIPP-003

Agreement Value:

$4,230,000.00

Agreement Date:

Mar 25, 2022 - Mar 31, 2026

Description:

The objective of this Project is to support predevelopment work to help build new inter-provincial electricity transmission infrastructure.

Organization:

Natural Resources Canada

Expected Results:

The expected results are the advancement of regional transmission projects; development of a knowledge base to support provincial economic regulatory processes for connecting electricity grids; environmental input and community engagement to inform project development; and federal, provincial and utility information requirements met to support financial investment decisions.

Location:

FREDERICTON, New Brunswick, CA E3B 4X1

Reference Number:

115-2021-2022-Q4-12965

Agreement Type:

Contribution

Report Type:

Grants and Contributions

Recipient Business Number:

321311924

Recipient Type:

Other

Additional Information:

Grant or contribution awarded and spanning more than one fiscal year.

Recipient's Operating Name:

New Brunswick Power Corporation

Recipient's Legal Name:

NEW BRUNSWICK POWER CORPORATION

Program:

Strategic Interties Predevelopment Program

Program Purpose:

The objective is to support the reduction of greenhouse gas emissions from Canada’s energy sector through a set of programs which will allow for cleaner and more efficient operation of grid systems and grid modernization, deployment of emerging renewable electricity projects, deployment of renewable energy projects which can provide grid services, and deployment of clean energy and energy efficiency to reduce the reliance of diesel generated heat and power in Indigenous, rural, and remote communities.