Nov 24 (Reuters) - Canadian utility firm Hydro One ( HRNNF )

said on Monday Ontario's energy regulator would amend its

transmission licence, allowing it to build a new priority

transmission line between Bowmanville and the Greater Toronto

Area to meet the growing power demand.

The move comes amid rising interest from utilities and

investors in expanding power capacity to support energy-hungry

data centers, transmission lines and renewable projects.

Hydro One ( HRNNF ) will build the double-circuit 500-kilovolt line in

partnership with the country's Indigenous peoples' body, First

Nations, which can buy a 50% stake in it. The line is expected

to be in service in the early-2030s.

Canada had said last year it was providing up to C$5 billion

in loan guarantees to help Indigenous groups invest in natural

resource projects.

Hydro One ( HRNNF ) said a section of its existing line will be

reconductored and enter service in 2027, while a new 230-kV

double-circuit line between Lauzon and Lakeshore stations is

slated for 2032.

($1 = 1.4104 Canadian dollars)