Samsung deal vital to economy: Premier


Electrical Commissioning In Industrial Power Systems

Our customized live online or in‑person group training can be delivered to your staff at your location.

  • Live Online
  • 12 hours Instructor-led
  • Group Training Available
Regular Price:
$599
Coupon Price:
$499
Reserve Your Seat Today

Ontario Samsung Green Energy Deal faces PC pushback as McGuinty defends wind and solar investment at CS Wind, warns of contract penalties, taxpayer costs, and minimal 3.2% impact on electricity bills before the provincial vote.

 

Context and Background

A provincial Samsung deal to expand wind and solar, creating 300 CS Wind jobs with a 3.2% impact on electricity bills.

  • McGuinty warns scrapping could trigger costly penalties
  • Hudak vows to cancel deal if PCs win October election
  • Wind and solar just 3.2% of current electricity bills
  • Samsung invests $40M; 300 jobs at Windsor CS Wind plant

 

Ontario Premier Dalton McGuinty says the Progressive Conservatives are risking the province's international reputation by threatening to cancel a $7-billion green energy deal with Samsung C&T Corp.

 

Speaking at a tour of CS Wind in Windsor, Ont., McGuinty said the Tory threat to scrap the government's Samsung deal could scare off international investors.

"I think it's time to stop burning coal in Ontario, switch on to harnessing the power of the wind, including offshore turbines, and the sun, as they've been doing in so many other parts of the world for decades," said McGuinty.

He also warned that scrapping such a huge contract could end up costing taxpayers a lot of money.

"They're being reckless with our tax dollars," he said.

PC Leader Tim Hudak, who has promised to outline a hydro bill relief plan, tried unsuccessfully to get Energy Minister Brad Duguid to say exactly what, if any, penalty could be imposed for scrapping the Samsung deal.

McGuinty said wind and solar power account for what he calls a minuscule 3.2 per cent of Ontario electricity bills overall.

Samsung is investing at least $40 million to convert a former machining plant into a facility for making wind towers, as part of a province-wide deal with the Korean company. About 300 people will work there.

The premier's visit comes days after Hudak said he would kill the Samsung deal if his party wins the October election.

Finance Minister Dwight Duncan said the gloves are off.

"We're going to fight him on the closure of this plant, we're going to fight him on the elimination of the Green Energy Plan, and we're going to fight the lies he's putting out in the absence of his own platform," said Duncan. "We think it's wrong, we think it's dangerous to the province's future."

 

Related News

Related News

World Bank Backs India's Low-Carbon Transition with $1.5 Billion

World Bank Financing for India's Low-Carbon Transition accelerates clean energy deployment, renewable energy capacity, and…
View more

Ontario Supports Plan to Safely Continue Operating the Pickering Nuclear Generating Station

Pickering Nuclear Generating Station Refurbishment will enable OPG to deliver reliable, clean electricity in Ontario,…
View more

B.C. Commercial electricity consumption plummets during COVID-19 pandemic

BC Hydro COVID-19 Relief Fund enables small businesses to waive electricity bills for commercial properties…
View more

Ontario utilities team up to warn customers about ongoing scams

Ontario Utility Scam Alert: protect against phishing, spoofed calls, texts, and emails, disconnection threats, and…
View more

Chinese-built electricity poles plant inaugurated in South Sudan

Juba Power Distribution Expansion accelerates grid rehabilitation in South Sudan, adding concrete poles, medium and…
View more

Canadian Electricity Grids Increasingly Exposed to Harsh Weather

North American Grid Reliability faces extreme weather, climate change, demand spikes, and renewable variability; utilities,…
View more

Sign Up for Electricity Forum’s Newsletter

Stay informed with our FREE Newsletter — get the latest news, breakthrough technologies, and expert insights, delivered straight to your inbox.

Electricity Today T&D Magazine Subscribe for FREE

Stay informed with the latest T&D policies and technologies.
  • Timely insights from industry experts
  • Practical solutions T&D engineers
  • Free access to every issue

Live Online & In-person Group Training

Advantages To Instructor-Led Training – Instructor-Led Course, Customized Training, Multiple Locations, Economical, CEU Credits, Course Discounts.

Request For Quotation

Whether you would prefer Live Online or In-Person instruction, our electrical training courses can be tailored to meet your company's specific requirements and delivered to your employees in one location or at various locations.