Daily Hive
Plans to significantly expand the district energy utility systems within Richmond City Centre have received the financial support of the federal government.
Canada Infrastructure Bank, the federal crown corporation that provides financing for infrastructure projects, recently announced it will provide $175 million in financing to Lulu Island Energy Company (LIEC), which is a private company wholly owned by the City of Richmond to oversee its district energy utility systems. …
“The benefits of this expansion will be realized not only by the residents and businesses connected to the utility, but the entire community as it will reduce greenhouse gas emissions by an estimated one million tonnes when completed,” said Richmond mayor Malcolm Brodie in a statement.
“District energy is a key pillar for achieving Richmond’s short- and long-term community greenhouse gas emission reduction goals as well as the delivery of efficient, sustainable and environmentally friendly energy for the community.” …