Thursday, January 24, 2008

Hwy 37 Power

I was alerted to an article on the Terrace Standard about the Hwy 37 power issue. With the shelving of the Galore Creek project, a large part of the financing for the extension of the grid fell away. It looked like the power line would not go ahead. But the other companies in the region have stepped up and offered to put money in the development stages of the project.

I am happy to see that the idea is not dead and is being pushed. I would like to see the construction of the line all the way to Yukon and Alaska and connect them to the grid. There are huge green power sources in the north and the line would make them possible.

With a power line in place there are so many options possible for development along the hwy 37 corridor that would benefit all of BC. There are numerous mines that only need access to power to make them feasible. It makes sense to build this piece of infrastructure. I believe that the business case is good enough that it could be built privately. If I had the resources to spend time on developing it as a business, I would be pounding the pavement to get the line built as far as Alaska. I am sure that Alaska and Yukon would offer to cover some of the costs. One can make a lot of money wheeling power.

I would look at going big right away, a 500 Kv line with the ability to twin if needed. There is the power out there. If you build it, they will come.

I think I might spend some time fleshing out what it would cost to build.

No comments: