Winnipeg real estate sales continue to break records with May sales topping $692 million, an all-time high, which is up 70 per cent compared to May last year.
Manitoba Hydro announces reorganization of subsidiary MHI
Corwyn Friesen, mySteinbach
Posted on 02/17/2021 at 9:00 am
Manitoba Hydro announced that the reorganization of its subsidiary Manitoba Hydro International (MHI). The reorganization follows an independent review of MHI operations and helps ensure the subsidiary’s business aligns with Strategy 2040, Manitoba Hydro’s long-term strategic plan – developed to enhance the focus on the utility’s core business of delivering clean, affordable and reliable energy to Manitobans.
The comprehensive review determined that MHI was operating in higher-risk international countries that exposed Manitoba customers to potential liabilities, including security risks for employees and financial risks. It was also identified Manitoba Hydro customers effectively subsidized MHI through MHI’s use of Manitoba Hydro assets.
WINNIPEG Manitoba Hydro is making changes to one of its international subsidiaries, the Crown corporation announced on Tuesday. In a statement, the corporation said it will reorganize Manitoba Hydro International (MHI) following an independent review of its operations. The reorganization will see MHI continue to operate as a subsidiary of Manitoba Hydro and the sections focused on technology solutions would still operate. However, the international consulting portion of MHI will gradually be wound down. “The comprehensive review determined that MHI was operating in higher-risk international countries that exposed Manitoba customers to potential liabilities, including security risks for employees and financial risks,” the statement reads. “It was also identified Manitoba Hydro customers effectively subsidized MHI through MHI’s use of Manitoba Hydro assets.”