Industry Sector Profile: Hydro
Hydro Industry At a Glance
Newfoundland and Labrador boasts a robust hydro industry, driven primarily by two key players: Newfoundland and Labrador Hydro (NL Hydro) and NL Power. Together they ensure a steady supply of safe, cost-effective, and dependable electricity across the province. Major power generation facilities, such as Churchill Falls, Muskrat Falls, Bay d’Espoir, and Holyrood, are instrumental in meeting the region’s energy needs. With an extensive transmission network spanning thousands of kilometers, approximately 80 percent of the provincial energy is derived from clean hydroelectric generation, emphasizing a commitment to sustainable energy.
Sustainability Focused
This hydro industry’s strength lies in its sustainability efforts, with a strong focus on environmental responsibility. In 2018, NL Hydro achieved Electricity Canada’s Sustainable Electricity Leaderâ„¢ Designation, underscoring its commitment to environmentally conscious practices. Beyond being electricity providers, NL Hydro and NL Power are integral community partners, actively engaged in supporting local initiatives and contributing to the province’s economic and environmental well-being.
Newfoundland and Labrador’s hydro industry employs over 2100+ people throughout the province.