Grants and Contributions:
Title:
DYNAMIC REACTIVE SUPPORT: STATCOM IMPLEMENTATION AT SALISBURY TERMINAL PROJECT
Agreement Number:
SREPSUSS183
Agreement Value:
$50,000,000.00
Agreement Date:
Mar 30, 2026 - Mar 31, 2029
Description:
The objective of this Project is to deploy grid modernization technologies to enhance voltage stability and ensure compliance with industry standards.
Organization:
Natural Resources Canada
Expected Results:
This Project will strengthen the reliability and sustainability of the electricity grid in New Brunswick while reducing greenhouse gas emissions by decreasing the need for emitting generation for voltage.
Location:
FREDERICTON, New Brunswick, CA E3B 4X1
Reference Number:
115-2025-2026-Q4-18699
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Business Number:
119246924
Recipient Type:
Other
Additional Information:
Grant or contribution awarded and spanning more than one fiscal year.
Recipient's Legal Name:
NEW BRUNSWICK POWER CORPORATION
Program:
Smart Renewables and Electrification Pathways Program
Program Purpose:
The Smart Renewables and Electrification Pathway Program will focus on contributions to deploy advanced large-scale renewable energy projects and technologies that provide grid services.