Cost has essentially doubled to more than $12.7 billion since it was sanctioned in 2012; first power expected later this year.
The water was worth between $9,000 and $12,000.
Production halted for more than two months in the White Rose oil field following a Nov. 16 oil spill of an estimated 250,000 litres.
Kathy Dunderdale asserted “risk mitigation was a theme that moved through the whole discussion of the development of Muskrat Falls.”
Significant wage increases aren’t expected until 2020 but employment numbers should increase next year.
Happened while SeaRose platform was preparing to restart production during a storm.
An estimated 250 cubic metres of oil leaked into the sea southeast of St. John’s from Husky Oil platform.
The contract, covering 65 years, has earned more than $27.5 billion for Hydro-Quebec and about $2 billion for Newfoundland.
From coast to coast, Canadians are frustrated with a lack of supply and long waits, and returning to the black market.
It can resume operations after it addresses ice management procedures and other organizational issues.
Opportunities to jointly develop projects in mining, training and broadband networks.
Direct benefits include more than $3 billion in royalties, equity and taxes.
Province guaranteesCorner Brook Pulp and Paper with a bank loan, and in return takes security interest in company’s power assets.
Terms of contract delivered about $27.5 billion for Hydro-Quebec versus $2 billion for Newfoundland.
To start producing later this year from a field of more than 700 million barrels.