Investments in the Quebec energy sector: Increase of 27% in 1991 and forecast rise of 9% in 1992

A compilation is presented of the sums invested in 1991 and the projected investments for 1992 in the Quebec energy sector. Historical data back to 1982 are also included. In 1991, the total investment rose to $4,328 million, or 27% more than in 1990. The year 1992 is expected to see a more modest 9% increase in energy investments. The relative value of energy investments compared to total Quebec investments was 15.6% in 1991 and is forecast to attain 16.9% in 1992. The large increase in energy investment is largely due to investments in the electric power sector, which receives ca 93% of Quebec energy investment. In the petroleum sector, preliminary data indicate that total investment in 1991 and 1992 will be $192.5 million and $203.1 million respectively, mostly for refining and distribution. In the natural gas sector, the historical data show a large peak at 1983 of $424 million, descending to the $50-70 million level starting in 1987. Natural gas investments in 1991 rose to $101.6 million, most of which went towards extending the distribution network. For 1992, $68.5 million is forecast to be invested. In the electric power sector, total 1991 investment was ca $4 billion, a 29% increase over 1990; 1992 investment is forecast at $4.46 billion. In 1991, the investment in electricity production totalled ca $2 billion and investment in power transmission $970 million, the latter mainly dedicated to construction of a 450 kV dc power line and to a network improvement program. Investment in power distribution was $567 million, while other investments such as communications, buildings, and technological activities amounted to $450 million. 4 figs., 5 tabs