Energy Plan - Government of Newfoundland and Labrador
Energy Plan - Government of Newfoundland and Labrador
Energy Plan - Government of Newfoundland and Labrador
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With the development <strong>of</strong> additional energy projects, such as the Lower Churchill,<br />
the opportunity exists to advance more industrial development activity in the<br />
province over the longer-term. These developments are likely to be either energyintensive<br />
<strong>and</strong>/or based on the other resources <strong>of</strong> the province.<br />
The Provincial <strong>Government</strong> will also ensure energy is supplied to support industrial<br />
development in the province. Providing competitively-priced energy to potential<br />
industrial customers throughout the province is consistent with our vision <strong>of</strong> a<br />
strong <strong>and</strong> prosperous <strong>Newfoundl<strong>and</strong></strong> <strong>and</strong> <strong>Labrador</strong> <strong>and</strong> is an investment in our<br />
future. However, we must ensure that these industries provide an appropriate<br />
level <strong>of</strong> value back to the people <strong>of</strong> this province.<br />
Regional Economic Development<br />
Until the past few decades, the provincial economy was based on comparatively<br />
strong resource-based industries - fishing, forestry <strong>and</strong> mining - which supported<br />
a robust rural population. While resource-based industries are still very much a<br />
part <strong>of</strong> our rural economy, we also need to focus on diversifying <strong>and</strong> innovating<br />
our economy to increase our options <strong>and</strong> opportunities. This is also necessary<br />
if we are going to encourage young, educated people to explore economic<br />
opportunities in our rural areas.<br />
In developing this <strong>Energy</strong> <strong>Plan</strong>, we have drawn on the principles <strong>of</strong> our Regional<br />
Diversification Strategy, which recognizes that economic development must<br />
emphasize regional industrial development <strong>and</strong> link industrial development to<br />
small business creation. The strategy also recognizes that innovation <strong>and</strong><br />
technology are the cornerstones for industrial development, <strong>and</strong> acknowledges<br />
the important links between social <strong>and</strong> economic planning. These principles<br />
will help to optimize the benefits from our energy projects for the people <strong>of</strong> this<br />
province.<br />
This <strong>Energy</strong> <strong>Plan</strong> is focused on ensuring that development <strong>of</strong> our energy<br />
resources benefits our rural areas as well as our urban centers. The revenues<br />
that this sector generates, the employment opportunities that are created <strong>and</strong><br />
the industries that it may attract must benefit rural areas <strong>of</strong> the province.<br />
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