Prime Minister Justin Trudeau’s busy tour of the Saskatchewan capital saw him announce millions for a project in eastern Saskatchewan.
$25.6 million has been committed towards a five megawatt, geothermal energy facility in Estevan, expected to cost $51.3 million total.
This caps off a busy last 36 hours for Trudeau, who held a town hall and participated in a roundtable discussion at the Hotel Saskatchewan Friday morning on fresh water management.
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The money, being granted to DEEP Earth Energy Production Corporation, will be used for the company to enter work on the second phase of the project, which will see about 100 jobs created during construction.
“Once the proposed facility is done, the electricity produced will be able to power five thousand homes, all the while taking the yearly pollution of 7,400 cars out of the atmosphere,” said Trudeau.
This geothermal project is the first of it’s kind in Canada, while also tapping into the use of a source of renewable energy.
“If this all sounds cutting edge, that’s because it is,” said Trudeau.
The announcement was music to the ears of DEEP Earth Energy Production Corporation CEO, Kristen Marcia.
“Like all new projects, the first one tends to be more expensive than the tenth one,” she said. “Perhaps this support means that this project will be a success.”
On Friday, DEEP also announced they successfully completed their first testing well, with it reaching a total depth of 3,530 metres.
(with files from Ryan McNally)