Quebec should boost hydro capacity to enhance exports

MONTREAL, Nov 21, 2004 (The Canadian Press via COMTEX) — Quebec should use its plentiful hydroelectric capacity as an economic development tool, just as Alberta has done with oil, Premier Jean Charest said Sunday. “If Alberta can get rich with petroleum, why can’t Quebec get rich with its electricity?” the Liberal leader told a party policy convention.

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Hydro-Quebec will spend between $3.5 billion and $4 billion annually over the next few years on various development projects. Charest said the government’s plan includes developing clean, renewable energy at a reasonable cost, supporting wind power and advocating energy efficiency programs.