TransCanada’s $1.2 billion Napanee Generating Station will have a dramatic and long lasting impact on the Town of Greater Napanee and surrounding area. To determine both positive and negative aspects of the project, TransCanada commissioned an Economic Impact Study of the Napanee Generating Station.
The key findings of this study include:
Impact on Local Employment
- Peak employment is expected to be as many as 750 people onsite during construction.
- An estimated 30-34% of total construction workforce expected from the local area (Greater Napanee and southern Lennox and Addington County) and an additional 49-54% expected from the wider regional catchment area (Port Hope/Cobourg to Brockville/Cornwall).
Impact on the Local Economy
- During the construction phase, $308 million (or 26%) of the total $1.2 billion capital cost expenditure will accrue to the Napanee, Kingston and Belleville area.
- Accommodations required by the construction workforce are expected to contribute between $3.6 million and $3.9 million to the local economy.
- During the operations phase approximately $8.4 million/year in annual expenses is expected to be spent locally.
Potential Impact on Municipal Services
- The total expected cost of impacts on services and components of the local economy, including roads, emergency and protective services, housing and accommodations, health, recreation and educational services during the construction period are expected to be less than $100,000 (less than the municipal taxes collected over this period).
As part of the Town Host Agreement with the Town of Greater Napanee, TransCanada has agreed to cover these costs. For more information on the Town Host Agreement please click here.