Canada Infrastructure Bank joins forces with City of Richmond to push utility grid to next level

Journal of Commerce

A growing region of the Lower Mainland may see a significant electrical expansion with a little help from Canada’s new infrastructure bank.

The Canada Infrastructure bank (CIB) and the City of Richmond’s Lulu Island Energy Company have signed a memorandum of understanding to formalize collaboration on development of a new district energy project in Richmond, B.C. …

“The City of Richmond has received international recognition for its leadership in developing district energy systems designed to reduce carbon emissions while delivering an affordable and reliable heating and cooling source for thousands of residents, commercial and institutional users. As an important component of Richmond’s community planning, district energy systems provide sustainable and economic energy sources. Partnering with Canada Infrastructure Bank on our City Centre district energy utility is an excellent opportunity to further our energy efficiency and resiliency for many years to come,” Richmond mayor Malcolm Brodie said in a statement from the CIB, Lulu Island Energy Company and the City of Richmond.

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