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Manitoba Hydro to Sell $100M of Electricity to SaskPower

November 18, 2013 3:30 PM | News

By Brian Schultz

Manitoba Hydro Building

Manitoba Hydro Building (STAN MILOSEVIC / CHRISD.CA FILE)

SaskPower has inked a deal with Manitoba Hydro to purchase $100 million of electricity from the province over the next eight years.

The deal is the single-largest power sale agreement between Manitoba and Saskatchewan.

“Manitoba Hydro power is in high demand, not only in our traditional export markets in the United States, but increasingly among our western neighbours as well,” said Municipal Government Minister Stan Struthers. “This sale will help us keep rates low for Manitoba families and businesses, and create thousands of good jobs as we work towards a reliable western Canadian energy grid for future sales.”

The two parties also signed a memorandum of understanding on a much larger 500 megawatts purchase after 2020.