By DAN PELTON
February 4th, 2010
Dufferin-Caledon MPP Sylvia Jones says the Ontario government’s recent $7 billion deal with a South Korean consortium to bolster the province’s green technology industry will have dire consequences for electricity consumers.
Premier Dalton McGuinty signed an agreement with Samsung C and T and the Korea Electric Power Corporation that will see $7 billion invested in Ontario to create 16,000 new jobs over six years.
Samsung will build wind and solar farms across Ontario that will generate 2,500 megawatts of power, and will also build four plants to manufacture components for green energy projects, creating the 16,000 jobs in the process. Most of those will be temporary, but 1,440 permanent manufacturing and related jobs are promised.
“If looking at your current winter hydro bill fills you with dread, then you may not want to hear what the government has in store for you,” Ms. Jones warned in a press release. “The sad truth is, hydro is about to get a whole lot more expensive.”