12/16/2013 06:18 EST | Updated 02/15/2014 05:59 EST

N.W.T. releases three-year power plan to reduce costs, shift to renewables

YELLOWKNIFE - The Northwest Territories has released a three-year plan to bring down the high cost of energy in the North.

The aim is to shift power generation away from expensive diesel generators to renewable and less polluting forms of energy, including wind power and hydroelectricity.

The government intends to spend about $31 million over the next three years to implement the plan.

There's also a much more ambitious and expensive 20-year vision for power in the N.W.T.

Lowering the cost of power could be an important economic boost in the territory by making it much easier to develop mines that provide a significant share of private-sector jobs.