BC Hydro to invest $1 billion in capital projects in Chilliwack, Abbotsford and Fraser Valley
CHILLIWACK — BC Hydro says it will invest roughly $1 billion into the construction of capital projects in Chilliwack, Abbotsford, Mission, Hope and Harrison Hot Springs over the next decade to upgrade and expand the power grid as the region grows.
In a news release from the provincial government, the capital expenditure plan is designed to provide clean power for homes, businesses and growing transportation needs throughout the Fraser Valley.
“In growing regions like the Fraser Valley where we are seeing substantial population growth, and residential, commercial and industrial electrification, we are embarking on significant upgrades to our electricity system, including investments in our substations, transmission lines and distribution network to ensure we can continue to provide reliable and clean electricity to our customers,” said Chris O’Riley, president and CEO of BC Hydro. “We are also investing millions on dam safety improvements at generating stations in the area and making important changes to our customer connections process to speed up timelines for newly constructed homes and buildings.”
In January 2024, the province announced BC Hydro’s updated 10-Year Capital Plan, which allocates $36 billion in regional and community infrastructure investments in B.C., a 50 per cent increase in investments over its previous capital plan. These new construction projects are forecast to support 10,500 to 12,500 jobs annually on average, as well as increase and maintain BC Hydro’s capital investments, as major projects like Site C are completed.
