Manitoba Hydro, a provincial Crown corporation in Canada, with the need for a transformational change to adapt to the evolving energy landscape and pursue a sustainable and decarbonized future. (Manitoba Hydro, 2022) Manitoba Hydro operates in a dynamic energy sector with increasing electricity demand. While hydropower has been dominant, there is a growing necessity to transition to cleaner and more sustainable power generation options. The assumptions for Manitoba Hydro's transformational change are based on several factors. Firstly, there is an assumption of a significant expansion in renewable energy sources, particularly wind and solar power. Government policies, public pressure to address climate change, and the need to diversify the energy mix fuel this expansion. Secondly, continuous technological advancements play a crucial role in integrating renewable energy sources into the grid and enhancing operational efficiency. Lastly, the development of new transmission infrastructure is assumed to be necessary for efficient electricity transmission. However, Manitoba Hydro faces various challenges in this transformational journey. Securing sufficient capital for capital-intensive projects is a primary challenge. Expanding renewable energy sources and developing new transmission infrastructure require substantial investments. Additionally, effectively engaging stakeholders is vital to gain support and navigate conflicts of interest. Stakeholders include the government, local communities, environmental organizations, and Indigenous groups. Integrating intermittent renewable energy sources into the existing grid while maintaining reliability poses a significant technical challenge. Careful planning and coordination are needed to ensure a stable power supply. Navigating complex environmental regulations and minimizing environmental impact are also critical considerations. Reference: https://www.hydro.mb.ca/corporate/planning/pdf/how-weve-used-your-feedback-transcriptEN.pdf https://www.hydro.mb.ca/corporate/planning/pdf/modelling-key-input-assumptions-EN.pdf. Https://Www.Hydro.Mb.ca/Corporate/News_media/Pdf/Enterprise_plan_2022_23.Pdf.
