The CEO of Hydro-Québec Michael Sabia testified in a parliamentary committee on Thursday.
The big boss of Hydro-Québec is is committed to reducing the number of breakdowns by 35% within 7 to 10 years. In the event of outages, it promises to better communicate with affected customers.
Aware of the pressure weighing on citizens, Mr. Sabia also assured that there will be no increases in residential rates beyond 3%. On the other hand, it is very likely that rates for businesses will increase more markedly, he said.
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In terms of energy efficiency, he also promised more personal support, with experts as well as improved financial offers in order to encourage Quebecers to consume electricity better.
< p class="StyledBodyHtmlParagraph-sc-48221190-4 hnvfyV">Moreover, Mr. Sabia reiterated the importance of decarbonizing a global economy built on fossil fuels for 200 years. It's not just an adjustment: it's a real breakup and it won't be easy, he warned.
The president and CEO of Hydro-Québec, Michael Sabia, in Quebec.
Countries that build an economy that is both low-carbon and prosperous will be the big winners from this transition.
A quote from Michael Sabia, CEO of Hydro-Québec
Quebec is already well positioned, according to him, but the rest of the world is in action and we must act now.
By 2035, Hydro-Québec plans to produce an additional 8,000 to 9,000 megawatts.
Michael Sabia wants to diversify production and does not rule out the development of new dams. Its 2035 action plan predicts that Hydro-Québec will have to invest between $155 and $185 billion over the next few years.
With an ambitious plan will come challenges, he said. For example, approximately 35,000 construction workers per year will have to be mobilized for the construction of new infrastructure, according to the plan's estimates.
The president and CEO of Hydro-Québec, Michael Sabia.
We announced […] short six-month training courses in construction for train 5,000 people, underlined Prime Minister François Legault during a press scrum on Thursday. We have already received more than 30,000 requests. This means that we will be able to continue and that is excellent for Quebecers.
Mr. Sabia also promoted an innovative approach based on the principle of economic reconciliation with the First Nations, where they will be able to take financial stakes in our projects.
The 2035 action plan must serve as a basis for discussion, according to Hydro's CEO, who will lead a series of meetings over the coming months with different stakeholders, including municipalities , in order to refine the proposed solutions.