Iberdrola USA, a subsidiary of Spain-based energy company Iberdrola SA, and Central Maine Power Co. (CMP) have launched two projects with investments totaling more than $1.5 billion.
The Maine Power Reliability Program (MPRP) is designed to support the development of new renewable energy resources and help ensure long-term reliability for customers by increasing the capacity and efficiency of New England's transmission grid.
The MPRP, which is scheduled to be completed in 2015, is expected to support up to 2,000 jobs annually during the five-year construction phase, with a peak of over 3,000 jobs, and contribute significantly to the Maine economy.
In addition, it was announced that 620,000 advanced electricity meters that will be installed for CMP customers as part of a new smart grid program to be developed over the next two years.
‘Both the transmission project and the advanced meters will yield significant benefits in terms of reliability,’ says Bob Kump, CEO of Iberdrola USA. ‘Just as importantly, because the transmission project is a foundation for the development of renewable energy and the smart grid program will help customers reduce energy consumption, these projects are about protecting the environment for future generations.’
The MPRP will include the construction of five new 345 kV substations and related facilities linked by approximately 450 miles of new or rebuilt transmission lines. The southern end of the line ties into the New England grid near the New Hampshire border. The northern end interconnects with transmission lines from Canada in the central Maine town of Orrington.
SOURCE: Iberdrola USA