New power plant funding approved

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Medicine Hat City council has unanimously approved a debt financing bylaw that will see a new stand alone power plant built. The new plant will be located in the Box Springs area near the speedway and the city says it’s needed to support future residential and commercial growth. It will also help provide a back up to the current plant. The bylaw passed last night means the city can now borrow the $66 million needed to complete the project. Provincial regulators have given their ok to the new plant that is expected to be completed and online in late 2017.