François Legault’s plan for more hydro dams draws skepticsm from an unlikely source
Quebec Premier François Legault is facing an unlikely skeptic as he eyes the prospect of building new megadams to meet soaring demand for renewable power and to attract big industrial energy consumers to his province with cut-rate electricity prices.last week that the province should avoid seeking to become “the world’s dollar-store of electricity.” She made the comments amid speculation that Mr.
It remains to be seen how far Quebec will to go to lure big electricity consumers such as data centres, critical-minerals processing plants and hydrogen producers. Such a strategy implies selling power for less than Hydro-Québec’s marginal cost of production. The utility’s legacy dams generate power for about three cents per kilowatt-hour. New dams would face costs of at least four times that level.
But Hydro-Québec now projects an end to electricity surpluses by 2026 and a 50-per-cent overall increase in demand by 2050. So Mr. Legault is keen to lock in new hydro supply within the province before undertaking talks with Newfoundland and Labrador to renew the 1969 contract under which it purchases almost 5,000 MW of power from the Churchill Falls project for less than a quarter of a cent per kilowatt-hour.
Environmentalists and some Indigenous groups oppose building dams on the Magpie and Little Mécatina Rivers. But Mr. Legault’s CAQ nevertheless won the Duplessis riding in which the two proposed projects would be located, with candidate Kateri Champagne Jourdain becoming Quebec’s first Indigenous MNA. During the campaign, she refused to take a stand for or against the projects, saying: “We owe it to ourselves to look into the potential.
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