RICHMOND, B.C. – BC Hydro has announced it will build $250 million worth of capital projects in Richmond, B.C. over the next 10 years to upgrade and expand the electricity grid and provide clean power.
Richmond projects receiving investment include the redevelopment of the Steveston substation to power an additional 20,000 to 35,000 new homes and be in service by 2033; expansion of the Kidd 2 substation in North Richmond to power an additional 10,000 to 17,500 new homes and be in service by the end of 2027; and new distribution capacity in Steveston and north Richmond to support projected load growth.
An additional $700 million is being invested in reinforcing the transmission system to improve reliability and increased capacity across Metro Vancouver.
Currently 98 per cent of power generated for B.C.’s integrated grid comes from clean or renewable resources, a release said, adding electricity demand in B.C. is expected to increase by 15 per cent or more between now and 2030.
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