Power sale arrangement with SaskPower
On January 29, 2016 Manitoba Hydro signed a 20-year agreement to sell 100 megawatts of renewable hydroelectricity to SaskPower, starting in 2020. The sale will require 18 per cent of the energy from the under-construction Keeyask Generating Station on the lower Nelson River. The sale will require the construction of a new 80-kilometre 230,000-volt transmission line in western Manitoba between Birtle, Manitoba, and Tantallon, Saskatchewan, to ensure energy deliveries can occur under all conditions.
The signing of the definitive agreement follows up on a term sheet that was signed in June of 2015. For more details, read the news release on the Government of Manitoba website.
Previously Manitoba Hydro entered into another short term firm sales agreement with SaskPower for 25-megawatts of electricity that commenced in November 2015 and runs to May 2022.
These two sale agreements build on a longstanding mutually beneficial relationship. Both corporations have also signed a Memorandum of Understanding which includes exploring the potential to further increase the transmission transfer capacity between the provinces to enable additional purchases by SaskPower of up to 500 MW. For more details, see the Province of Manitoba news release.