The Champlain Hudson Power Express (CHPE) is a proposed high-voltage direct current (HVDC) underwater and underground power cable project project linking the Quebec area to the New York City neighborhood of Astoria, Queens. Following completion of a review by the New York State Public Service Commission, construction is set to begin in 2022. The line is permitted and expected to be operational in 2025. The venture, being developed by Transmission Developers Inc. (TDI), a Blackstone Group, L.P. (Blackstone) portfolio company, would carry clean energy - hydropower and wind power from eastern Canada - and feed it directly in the New York City electricity market. Construction costs for this project are estimated at US$2.2 billion for the section located in the State of New York. The estimated total cost is US$4.5 billion. More information...
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