A planned natural gas power generating station near Lanigan is among the capital funding projects that SaskPower is committed to in its annual funding. The electrical utility released its capital spending plan and the Aspen Power Station at Wolverine just off Highway 16 is one of the identified projects.
A release from SaskPower states that it plans to spend $1,15 billion during the 2024-24 fiscal year to modernize, grow and sustain the provincial electricity system. That's a $98 million increase over the previous year. The move will support economic growth and ensure customers have the reliable, sustainable electricity they need, the company says.
“Our government is committed to building a cleaner energy future while also ensuring we have reliable and affordable electricity to power the growing provincial economy,” Minister Responsible for SaskPower Don Morgan said. “This year’s capital budget is a demonstration of SaskPower’s commitment to the people of Saskatchewan, by making significant investments to transition to low-carbon energy sources, upgrading aging infrastructure and modernizing systems.”
$517 million will go to maintaining and upgrading existing transmission, distribution and generating facilities, lines, and equipment. Another $505 million goes to growth projects. That includes the two natural gas generation stations, the Great Plains Power Station near Moose Jaw and the aforementioned Aspen Station near Lanigan. An additional $129 million in strategic investments will allow SaskPower to continue with smart meter deployment and continue work on projects such as the Logistics Warehouse Complex in Regina.
“Decarbonizing a growing power grid is a once-in-a-lifetime challenge, and making the right investments now will help to position SaskPower to provide reliable, sustainable and cost-effective electricity to customers in the years and decades to come,” said Rupen Pandya, SaskPower President and CEO.
Information on additional projects is available at saskpower.com/projects.