Newspaper article The Canadian Press

Hydro-Quebec to Expand International Market, Aims to Double Revenues by 2030

Newspaper article The Canadian Press

Hydro-Quebec to Expand International Market, Aims to Double Revenues by 2030

Article excerpt

Hydro-Quebec announces new strategic plan

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MONTREAL - Hydro-Quebec is hoping to double its revenues in the next 15 years or so by exploring international markets and by wooing foreign-based companies in sectors such as data.

The utility's 2016-2020 strategic plan released Wednesday also focuses on electricity exports and the acquisition of infrastructure.

"The global data centre market is rapidly growing and we have what it takes to be at the forefront of this trend," said Hydro-Quebec CEO Eric Martel.

Companies including Microsoft, Ericsson and Amazon have recently set up data centres with Hydro-Quebec.

Such centres require a lot of energy to cool their servers.

Hydro-Quebec said it also intends to keep rate hikes for consumers lower than or equal to inflation.

"We want to increase customer satisfaction and remain a powerful force for economic development by investing $18. …

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