Independent Power could benefit the Peace

According to a PricewaterhouseCoopers study, to be released today in Vancouver, the independent power sector could inject more than 26 billion dollars, into the provincial economy by 2020.

A Vancouver Sun story, by Scott Simpson, says the report commissioned by the Independent Power Producers Association of B.C., claims private sector electricity development could contribute 9 billion dollars to economic growth, over the next 11 years.

It also says, governmnt revenues generated through the construction phase of potential IPP projects are estimated, at more than 1.5 billion dollars…and total employment impacts, at that level of development would reach 87 thousand person-years.

Geographically speaking, the report says the Central Interior would realize the greatest benefit from biomass projects. The Lower Mainland-South Coast is potentially the prime beneficiary, from run-of-river development. And, the Peace Region would realize the greatest benefits from development of wind energy.