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SaskWater finishes fiscal year with $8.7 million in net income

SaskWater finishes fiscal year with $8.7 million in net income

REGINA – SaskWater, the Province of Saskatchewan’s water infrastructure Crown corporation, reported $8.7 million in net income for 2023-2024, up from $8.6 million the previous year.

Of the $87 million investment in capital projects by SaskWater the most significant initiative was the Regina Regional Non-potable Water Supply system, a release said.

SaskWater and its local contractor completed installation of 65 kilometres of pipeline between Regina and Belle Plaine in 2023, joining the new transmission system to existing water supply infrastructure. 

The organization also collaborated with the Water Security Agency to expand irrigation service along its Saskatoon Southeast Water Supply system, the release said. The canal system currently serves three potash mines and provides irrigation to 20,000 acres of land.

In 2023-24, SaskWater expanded its irrigated acres by 3,000 and gained approval to grow that number to 7,700, with a total of 15,000 acres identified for irrigation expansion by 2026-27, the release said.

“We look forward to building relationships and trust with municipalities across Saskatchewan. In doing so, we hope that these new partners will look to SaskWater should they need broader solutions down the road, particularly in terms of potential regional benefits,” SaskWater president and CEO Doug Matthies said in a statement.

SaskWater owns nine water treatment plants, three wastewater facilities, 136.94 kilometres of canal and 1,055 kilometres of pipeline currently in service, the release said.

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