Canada to give C$3.5B for North Coast Transmission Line

Canada has announced a significant financial commitment of C$3.5 billion to support the North Coast Transmission Line (NCTL) project, a key infrastructure initiative aimed at enhancing clean energy capacity and industrial development in northern British Columbia. The funding will be used to advance the project through its early development and construction phases, with a focus on twinning existing transmission lines from Prince George to Terrace and extending to the Bob Quinn substation.

The NCTL is expected to more than double the availability of clean, low-cost electricity in the region, supporting transformative industrial projects such as the Ksi Lisims LNG facility and critical minerals developments in the Golden Triangle. The project also aligns with Canada’s climate goals, with an estimated annual reduction of two to three million tonnes of carbon emissions.

The Canada Infrastructure Bank has already provided a $139.5 million loan to BC Hydro for pre-construction activities, including engineering, fieldwork, and stakeholder engagement. Indigenous communities are also playing a key role, with several First Nations under the K’uul Power consortium holding the option to acquire up to 50% equity in the project.

The initiative is part of a broader strategy to support economic growth, job creation, and long-term energy security in northern British Columbia.