Overview

• Steel Reef Infrastructure Corp. has signed agreements with SaskPower to supply electricity generated from flare gas.
• The initiative aims to produce enough electricity to power 100,000 homes each year by late 2027.
• The company plans to invest $265 million in new turbines and substations at five gas plants in Saskatchewan.
• This move addresses environmental concerns, as flaring releases greenhouse gases like carbon dioxide and methane.
• The World Bank and Canadian regulations emphasize the need to reduce flaring due to its wasteful and polluting nature.