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Wasoqonatl Transmission Line

Sector(s)
Clean Power
Location(s)
Onslow, NS, to Salisbury, NB
Participation
$217 million
(financial close)
Partner(s)
Nova Scotia Power, Inc., Wskijinu’k Mtmo’taqnuow Agency Ltd. (WMA)

First equity investment supports Nova Scotia to New Brunswick transmission line

Facilitates construction of essential connection between two Maritime provinces

Fast facts

$217 million equity investment towards construction of new transmission line
Working to finalize a loan to WMA to finance part of Indigenous ownership stake
Enhances grid connectivity, resiliency and renewable energy integration

We are making CIB’s first equity investment in a transmission line between Nova Scotia and New Brunswick which will facilitate the integration of new energy sources, future-proof provincial transmission grids, enhance resiliency and improve power reliability.

A $217-million equity investment from the CIB’s Clean Power priority sector will help Nova Scotia will fund a new 160-kilometre, 345 kV transmission line alongside the existing line from Onslow, NS, to Salisbury, NB. 

Working to finalize a loan to Wskijinu'k Mtmo'taqnuow Agency Ltd. (WMA), which represents Nova Scotia’s 13 Mi’kmaw First Nations, so Indigenous communities can buy an ownership stake in the project, which is a component of economic reconciliation.

A limited partnership jointly owned by Nova Scotia Power Inc. (NSPI) and CIB will own the project through a regulated utility corporation.

Benefits of the CIB’s involvement

The investment by the CIB further helps to accelerate the transition to clean energy in Atlantic Canada and make projects more affordable and produce savings for Nova Scotia ratepayers. The project supports grid reliability, enabling the planned renewables scale-up in Nova Scotia, and associated emissions benefits. 

Construction is expected to support approximately 587 direct and indirect jobs and generate about $105 million in GDP during the construction phase.

Learn more

Illustration of above-ground transmission lines cutting through forest and road.
Overhead transmission lines will link Nova Scotia and New Brunswick through a second energy connection.
Nova Scotia Power workers examine location of new overhead transmission wires.
Government of Canada

This federal government is a key partner with provinces, territories, Indigenous groups, and industry as we work together to build a 21st-century clean energy economy. The grids of the future not only represent the next step of nation-building for our country: they also place affordability and reliability at their core. The NB-NS transmission line is a great example of a project that will accomplish those goals in Atlantic Canada while also advancing economic reconciliation. Today’s investment in clean electricity in Nova Scotia and New Brunswick will create jobs, drive economic growth, and position Atlantic provinces to take advantage of the economic opportunities presented by the clean economy, now and for generations to come.

Hon. Jonathan Wilkinson, Minister of Energy and Natural Resources
Government of Canada

More than ever, ensuring Canadian energy security is at the forefront of our priorities and the Government of Canada stands ready to work with Nova Scotia, New Brunswick, and other provinces to support interprovincial trade, including first nations. Building a clean, affordable, and reliable electricity grid is central to Canada’s efforts to tackle climate change and build a prosperous economy. Today’s announcement is another testimony to our country’s leadership.

Hon. Darren Fisher, Minister of Veterans Affairs and Associate Minister of National Defence
Government of Canada

The new transmission line will increase energy resilience, forging a connection between the provinces of New Brunswick and Nova Scotia, ensure access to cleaner energy sources, reduce the cost of energy, and provide local economic benefits, at the same time it advances economic reconciliation in partnership with the Mi’kmaw Communities.

Jaime Battiste
Government of Nova Scotia

The new transmission line will increase energy resilience, forging a connection between the provinces of New Brunswick and Nova Scotia, ensure access to cleaner energy sources, reduce the cost of energy, and provide local economic benefits, at the same time it advances economic reconciliation in partnership with the Mi’kmaw Communities.

Hon. Trevor Boudreau, Minister of Energy
Government of New Brunswick

We are committed to working with partners to advance priority projects to the benefit of all parties. This project is an example of our commitment to working with our neighbouring provinces to build critical infrastructure that will provide greater reliability and energy security, ultimately benefitting customers in both provinces. Federal support through investments in transmission infrastructure and clean energy projects is key to supporting the transition to a clean, affordable and reliable electricity grid. 

Hon. René Legacy, Deputy Premier, Minister responsible for Energy
Wskijinu’k Mtmo’taqnuow Agency Ltd.

The WMA is a proud partner in this project enhancing energy reliability for both Nova Scotia and New Brunswick. Our equity investment will advance economic opportunity for the communities we serve, returning financial benefit to the Mi’kmaw in Nova Scotia.

Crystal Nicholas, President
Nova Scotia Power Inc.

Together, we’re building more than just infrastructure. We’re building connections – across communities, cultures, utilities and provinces. We’re building a legacy of partnership and progress and ensuring that Mi’kmaw communities have a meaningful stake in Nova Scotia’s clean energy transition. Through secured low-cost financing with our partners, this collaboration is also helping to lower the cost of the project for our customers.

Peter Gregg, Chief Executive Officer
NB Power

NB Power and Nova Scotia Power have built a strong partnership with regional collaboration on many successful projects over the years. We value these partnerships as they help us meet our strategic goals and key priorities, such as grid modernization. This project is an example of our long-standing relationship that will increase the reliability, redundancy and stability in New Brunswick while making way for new renewable energy sources which will directly benefit both New Brunswick and Nova Scotia customers.

Lori Clark, President and Chief Executive Officer