— Pierre Moreau (@pierremoreauplq) January 25, 2018
« Les exportations sont fort rentables pour Hydro-Québec. Elles représentent 16% de nos volumes de vente pour 28% de nos profits. C’est une richesse qui revient aux Québécois. » -Éric Martel en compagnie de @pierremoreauplq pic.twitter.com/uPpIuuDeS6
— Hydro-Québec (@hydroquebec) January 26, 2018
Call for proposals from Massachusetts for clean and renewable energy
QUÉBEC CITY, January 26, 2018. – The Government of Quebec is celebrating the selection of Hydro-Québec’s proposal following a call for proposals from the State of Massachusetts. The state wants to acquire a large amount of clean, renewable energy with the goal of securing its energy supply and reaching its greenhouse gas (GHG) emission reduction targets.
The Crown corporation qualified after a rigorous and competitive selection process. This will be Hydro-Québec’s most important long-term contract since it started to develop its export markets, with significant income opportunities for Quebec. As of 2020, Quebec hydroelectricity could continuously supply about a million clients at stable costs, clearly contributing to carbon reduction efforts in the Northeastern United States.
Hydro-Québec wants to increase its electricity exports, at a time when several markets have set significant GHG emission reduction targets. Since Hydro-Québec’s energy production is renewable and produces few greenhouse gasses, its exports could considerably reduce the need for polluting power plants. This is the largest proposal submission in Hydro-Québec’s history.
The call for proposals from Massachusetts followed the state’s enactment of a clean energy law highlighting the importance of hydroelectricity in its energy portfolio. This law authorizes the purchase of substantial quantities of hydroelectric energy for the first time. It also establishes a basis for collaboration between all the states in New England in view of a reasonably priced transition towards clean energy.
This announcement is the first step in a continual process, and the discussions between the State of Massachusetts and Hydro-Québec will continue in order to define the details of an eventual agreement. I’m very happy that Hydro-Québec crossed this first threshold and I am very optimistic for the future. It is a tangible demonstration of the kind of contribution that Hydro-Quebéc can make to help our American partners reach their GHG reduction goals.
– Pierre Moreau, Minister of Energy and Natural Resources and Minister responsible for the Northern Plan