Site work begins at New Brunswick’s largest hydroelectric dam
Early planning, engagement and technical work to inform next steps for the Mactaquac site
Fast facts
The Canada Infrastructure Bank (CIB) is providing a $219 million loan to support site development activities for the Mactaquac Generating Station.
NB Power and the Province of New Brunswick will lead work which includes engineering and environmental investigations, regulatory reviews along with First Nations and community engagement activities.
The station is a 672-megawatt run-of-river dam and generating station located on the Saint John River, west of Fredericton. It provides clean, reliable and low-cost electricity, providing 20 per cent of the capacity needed to meet peak electricity demand.
Public lender(s): Canada Infrastructure Bank, Government of New Brunswick, NB Power
Term: 3 years
Benefits of the CIB’s involvement
The CIB’s loan supports NB Power’s and the Province of New Brunswick’s assessment for the Mactaquac site.
The CIB’s cost-effective financing package helps reduce energy ratepayer impacts.
The investment is aligned with the CIB’s Clean Energy priority sector, which has a target of at least $20 billion in capital to help increase energy supply and security, advance clean power generation and distribution, create jobs, reduce emissions and make the transition to new energy projects more affordable for ratepayers.
Learn more
Disclaimer: The Canada Infrastructure Bank (CIB) in its sole and absolute discretion may choose to make available amendments, revisions, modifications, or replacements to this website. This page will remain open for further revision, modification, replacement or cancellation by the CIB at any time and in no event shall the CIB be responsible or liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on the content of this website. Images courtesy of NB Power.
