Business New Brunswick
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A Dependable Energy Supply in New Brunswick | ||||||||||||
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New Brunswick has one of the most diverse energy sources in North America. Energy is efficient, sustainable, cost-competitive and reliable from multiple sources, including nuclear, natural gas, hydroelectric and thermal. There are approximately 20 billion dollars worth of projects underway or planned to realize significant growth of our energy generation, distribution and supply chain industries. These projects mean manufacturing and services firms are awash in business opportunities. The $750 million Liquefied Natural Gas (LNG) terminal being built at Canaport by Irving Oil is the newest on the continent, the construction of the LNG terminal and regasification facility worth $750 million, and a $1.4 billion refurbishment of the Point Lepreau nuclear power station, translate into real dollars to flow to suppliers and contractors. Opportunities here in New Brunswick offer a compelling case for equipment and component manufacturers and for technology and services providers, to locate in New Brunswick, close to the action. Petroleum exploration is also booming, as the focus turns to sedimentary basins with emerging oil and natural gas discoveries and estimated huge resource potential in deep unexplored areas. Electricity NB Power Generation supplies wholesale energy products in a competitive environment. Capitalizing on geographic location and regional weather diversity, the generating system was designed to meet winter peaks and benefit from non-winter sales to neighbouring jurisdictions. Electricity is generated at 14 hydro, coal, oil, and diesel powered stations, with an installed net capacity of 3,313 MW comprised of 1,903 MW thermal, 884 MW hydro and 526 MW of combustion turbine capacity. With limited natural resources to generate electricity in the province, NB Power Generation has developed one of the most diverse generating systems in North America. Units have performed well against availability and reliability targets, which are essential to meeting operational and financial objectives. The 458 MW base load unit at Belledune was recently recognized by an industry benchmarking group as the one of the most economic coal-fired generators in North America. CANDU reactors are among the safest in the world. The Point Lepreau Generating Station is currently undergoing a complete refurbishment. Atomic Energy of Canada Ltd. and the province of New Brunswick are working with Point Lepreau to develop a worldclass, cutting edge facility. As a result of New Brunswick’s expertise in nuclear technology, the Centre for Nuclear Excellence is located in Saint John, New Brunswick. View the New Brunswick "Energy Landscape". Natural Gas Natural gas flows from Sable Island through the Maritimes and Northeast Pipeline into New Brunswick at which point Enbridge Gas New Brunswick has exclusive distribution rights to supply industrial, commercial and residential customers throughout the Province. Enbridge Gas New Brunswick is regulated by the New Brunswick Board of Commissioners of Public Utilities. Enbridge owns 70% of, and operates, Enbridge Gas New Brunswick. Below is the list of licensed gas marketers in New Brunswick. This represents both sellers of gas and identified agents for sellers of gas.
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