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 2016, a number of regions benefited substantially from the company’s construction projects:
- In 2016, 48% of the 1,611 workers on the job at the Romaine complex came from Côte-Nord municipalities (767 workers) and 9% were Innu (147 workers). Significant amounts of capital continued to be invested in the Côte-Nord region, in procurement of goods and services, salaries and contributions to the different funds laid out under agreements with local communities. As a result of construction expenditure, including regional subcontracts, going to Côte-Nord companies since the start of the project, Hydro‑Québec has become a leading economic player in the region.
- Through our Integrated Enhancement Program (IEP), communities that host new transmission lines or substations receive funding equal to 1% of the initially authorized value of the project. This funding is intended for local or regional initiatives related to municipal, community or recreational infrastructure, community development or the environment. In 2016, the IEP supported 25 initiatives, for a total of $3 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 2016, procurement of goods and services amounted to $2,772 million.