The Globe and Mail reports in its Tuesday, Sept. 15, edition that transforming the enthusiasm of business and political leaders into actual investment decisions will be the real challenge at the Canada Investment Summit, says Capital Power chief Avik Dey.
The Globe's Emma Graney writes that the summit aims to attract investment for nation-building projects as part of Ottawa's strategy to diversify Canada's economic ties and reduce reliance on trade with the United States.
Mr. Dley says the business community supports the ambition and is ready for big projects, but turning that into actual investments requires overcoming Canada's complex bureaucracy and regulations.
Ottawa's Major Projects Office aims to support projects but lacks the authority to ensure their approval, notes Mr. Dley.
Capital Power is on the summit's list for a proposed $2-billion (U.S.) to $6-billion (U.S.) expansion of its Genesee electricity generation station site near Edmonton. The project would make the site a "major power generation and energy storage hub capable of supporting large industrial and data centre demand."
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