CIB Invests $283.5 Million in New Alberta Transmission Line
July 11, 2024
The Canada Infrastructure Bank (CIB) is providing Alberta electricity transmission companies, AltaLink and ATCO Electric, with a loan of $208.16 million to construct a transmission line, the Central East Transfer-Out project, in the counties of Red Deer, Lacombe and Stettler.
The loan will help develop a 130 km high-voltage power line, which is required to reinforce and strengthen the reliability of the electrical grid and increase access to available renewable electricity generation in the region. This investment will save Alberta ratepayers approximately $135 million over the 30-year financing of the project.
