Ottawa, Aug. 18 -- Prime Minister Mark Carney announced a nearly $70 billion clean energy investment involving the expansion of the Churchill Falls Generating Station, development of the Gull Island hydroelectric project and new transmission infrastructure across Newfoundland and Labrador and Quebec.

The agreement was announced by Carney alongside Quebec Premier Christine Frechette, Newfoundland and Labrador Premier Tony Wakeham, and the CEOs of Hydro-Quebec and Newfoundland and Labrador Hydro.

The federal financing will support the modernisation and expansion of Churchill Falls, the development of Gull Island, associated transmission lines and co-investment opportunities with the Innu of Labrador in a major new onshore wind project.

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