BEC / SEPT / 2024

government's commitment to sustainability but also a strategic financial decision. The transition to more efficient energy systems is expected to result in significant cost savings over the long term. Reduced energy consumption and lower maintenance costs will offset the initial investment, making the projects financially viable and sustainable. Infrastructure projects of this magnitude inevitably lead to job creation and economic stimulation, and the ESAP is are no exception. The modernization efforts have created numerous jobs in the construction, engineering, and technology sectors. Moreover, the projects have engaged local businesses and suppliers, further boosting the regional economy. The procurement of materials, equipment, and services from local vendors ensures that the economic benefits of the projects are distributed within the community. "The Energy Services Acquisition Program is not just about upgrading our energy systems; it's also about creating jobs and stimulating the economy. We're proud to support local businesses and create employment opportunities through this initiative," says Qualtrough. The Energy Services Acquisition Program represents a bold and forward-thinking approach to modernizing Canada's energy infrastructure. The successful completion of ESAP will be a new benchmark for energy infrastructure modernization in Canada. The lessons learned and best practices developed during these initiatives can be applied to similar projects across the country and beyond underscoring the importance of government leadership in driving sustainable development and climate action. For more information, please visit www.canada.ca/en/public-services-procurement.html Pumphouse 125 SEPT 2024 | BUSINESS ELITE CANADA

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