Prime Minister François Legault was very convinced that Joe Biden’s arrival at the White House will be beneficial to several local businesses, starting with Hydro-Quebec, which has wanted for years to export its electricity there. .
• Read also: Is the oil crisis on the way to affect Quebec’s finances?
• Read also: Joe Biden in power: the energy sector sees only good
• Read also: Joe Biden in power: fewer mood swings in sight, entrepreneurs say
“This is good news for Hydro-Quebec, that’s clear,” he replied immediately yesterday at a press briefing. I remember, when I started talking about making Quebec the battery for northeastern North America, there were some who laughed a little. But there, we begin to see that it is real. ”
Hydro-Québec has been working for years on two export projects to the United States. One aims to serve Massachusetts, via Maine. And the second is to serve the city of New York by taking advantage of a new recognition of hydropower as green energy that can benefit from environmental credits.
“In New York, well you saw like me […] Mr. Cuomo [gouverneur de l’État] makes it a priority. He is even interested in participating [au financement] of the transmission line. So that is good news, supported by a Democratic president in addition. It is going in the right direction. “
An alternative solution
The Prime Minister admitted that the election of a Democratic government in Washington in no way guaranteed a relaxation of the protectionist measures, put in place recently.
That being said, Quebec is, in his opinion, well placed to take advantage of the cooling of relations between the United States and China. The province would also offer an alternative to China, which is looking for rare metals.
Same thing, he notes, with regard to trains and streetcars. Apart from the Chinese (CRRC) and the Germans (Siemens), only Alstom-Bombardier remains, which will establish its North American headquarters in Montreal.
“It means that the contracts signed by the Americans would go through Quebec. We have, I think, a great opportunity. “