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New York State backs long-term Canadian hydropower project -Breaking

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© Reuters.

(Reuters) – New York State on Thursday approved a multi-billion-dollar, long-term project by Montreal-based public utility Hydro-Quebec to deliver hydropower to parts of New York City.

Hydro-Quebec has announced that Transmission Developers Inc. will be its U.S. Partner and begin construction of Champlain Hudson’s (NYSE: ) Power Express line this summer to provide hydropower. It added that the line will be commissioned in 2025.

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