# Canada announces $10 billion financing for Labrador power projects

_Monday, August 17, 2026 at 8:25 PM EDT · Infrastructure · Breaking · Tier 1 — Major_

Canada announced an agreement with Québec, Newfoundland and Labrador, Hydro-Québec and Newfoundland and Labrador Hydro to upgrade and expand Churchill Falls, develop Gull Island and build related transmission. The federal government said it will provide $10 billion in financing. The government estimates the broader set of projects at nearly $70 billion and says they would add 14,000 megawatts of renewable power, while related Labrador corridor work will be referred to its Major Projects Office.

## Sources

- [Hacker News: Front Page](https://www.pm.gc.ca/en/news/news-releases/2026/08/17/prime-minister-carney-announces-largest-clean-energy-investment-north)

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Retrieved: 2026-08-18T04:39:14.075Z
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