CORONACH - The Government of Saskatchewan is investing a total of $10 million in the Estevan and Coronach regions to help build new economic opportunities and support their coal transition efforts.
An announcement was made Monday afternoon in Coronach.
"This investment by the Government of Saskatchewan will help develop a strong business environment in the communities that are most impacted by the federal government's decision to force the closure of coal-power facilities by 2030," Crown Investments Corporation Minister Dustin Duncan said.
"The funding will directly contribute to economic development and investment attraction, bringing new projects and ideas to grow local economies and keep these communities strong and vibrant."
According to a government news release, as Saskatchewan continues its own plan to build out grid capacity to support growth, retaining and developing a skilled workforce and expertise through business opportunities in Estevan, Coronach and area is critical to facilitate the unprecedented energy transition.
The newly-announced funding is in addition to the $10 million invested by the provincial government in 2020 to support the coal transition in the areas. The new investment will be equally distributed to the two community regions, with $5 million to the Coronach region and $5 million to the Estevan region.
"Today's investment shows our government's commitment to coal-reliant communities by building their capacity to rise to the significant economic challenges imposed by the federal government's decision to close coal power plants by 2030," Minister of Agriculture and Wood River MLA David Marit said.
"I am pleased to see the economic growth that has been created in the Coronach region through the 2020 investment provided by the Government of Saskatchewan, and this additional investment will further boost the positive economic trajectory of Â鶹ÊÓƵern Saskatchewan."
"With the challenges imposed by the federal government's decision to force the shutdown of Saskatchewan's coal fired power plants, retaining and advancing the workforce in this sector through business opportunities in this region is crucial," said Estevan MLA Lori Carr, who is also the Minister of Highways and Infrastructure.
"Power generation has always been an important part of Estevan's economy, and with the recent SaskPower announcement that identified two high-potential small modular reactor sites in the Estevan area, our community has many new opportunities to look forward to."
The province will provide $5 million to Â鶹ÊÓƵ Saskatchewan Ready, an economic partnership of nine rural communities and RMs in the Coronach region, and $5 million to the Municipal Coal Transition Committee, comprised of representatives from the City of Estevan, RM of Estevan, RM of Coalfields, and the Town of Bienfait.
Both organizations will administer the new funding in partnership with local municipalities.
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