While tapping Québec’s hydropower potential, Hydro-Québec plays an important role in the sustainable growth of the Québec economy.
Sizable spinoffs for Québec and its regions
Hydro-Québec’s capital program—not to mention its operating activities and innovation projects— generates sizable spinoffs for Québec and its regions.
Examples of regional spinoffs
In 2015, a number of regions benefited substantially from the company’s construction projects:
- In 2015, $940 million were invested in construction of the Romaine complex. Work at the Romaine jobsites totaled 1,444 person-years, with Côte-Nord and Innu workers making up 43% of the labor force. To date, work on the Romaine project has generated contracts worth over $3 billion, including nearly $800 million awarded to companies in the region.
- As part of transmission line or substation projects, our Integrated Enhancement Program (IEP) offers the host communities funding for local or regional initiatives related to municipal, community or recreational infrastructure, the environment, or community development. In 2015, the IEP supported 16 initiatives totaling $1.6 million.
Business practices geared toward maximizing regional spinoffs
Hydro-Québec promotes local subcontracting and issues tender calls reserved for regional companies for contracts valued at under $1 million, as long as the principles of competition are upheld.
In addition, by setting up regional economic spinoff committees, the company keeps local organizations informed about its calls for tenders and the spinoffs from its projects, as well as enabling them to participate in monitoring the measures implemented.
In 2015, procurement of goods and services amounted to $3 billion, 93% of which went to Québec-based suppliers.