# Canada announces $10 billion financing for Labrador power projects

_Published Monday, August 17, 2026 at 10:08 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

- [Prime Minister of Canada](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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Canonical: https://techandbusiness.org/newswire/IOMV7ux8NC5p9Jl1DwLbAo
Published: 2026-08-18T02:08:28.818Z
Story chronology: 2026-08-18T00:25:26.000Z
Retrieved: 2026-10-02T08:29:11.729Z
Publisher: Tech & Business (techandbusiness.org)