Review questions viability of $6.2-billion Muskrat Falls hydroelectric project

The Canadian Press ~ The News
Send to a friend

Send this article to a friend.

Muskrat Falls — File Photo

An environmental assessment of the proposed Muskrat Falls hydroelectric dam in Labrador is questioning the viability of the project.

The report by a joint federal-provincial review panel says Newfoundland and Labrador’s Crown utility, Nalcor Energy, has not justified the need for the project in energy and economic terms.

It says there are outstanding questions about the $6.2-billion project’s ability to deliver long-term financial benefits to the province.

The panel also concluded that the project would have several “significant adverse” environmental effects on aquatic and terrestrial environments.

The report comes a week after the federal government announced it would follow through on a promise to provide a loan guarantee for Muskrat Falls.

Nalcor Energy says it will respond to the report’s conclusions on Friday.

The review panel provides advice to the provincial and federal governments, which will make the final decision on the project’s approval.

To review the report on the Newfoundland Government website, click here

For executive summary, click here

 

Organizations: Muskrat Falls.Nalcor Energy

Geographic location: Newfoundland and Labrador

  • 1
  • 2
  • 3
  • 4
  • 5

Thanks for voting!

Top of page

Comments

Comments

Recent comments

  • EuroGuy
    August 25, 2011 - 16:23

    Why is an environmental assessment questioning the economic viability?

  • HarbourMaster
    August 25, 2011 - 15:44

    Ok let's shut er down. An independant review panel has said that the Muskrat Falls Project may not be viable !!! Ms. Dunderdale do the right thing SHUT THE MUSKRAT FALLS PROJECT DOWN now and do not waste any more taxpayers $$$. If not we will shut you down in October.

  • Spencer
    August 25, 2011 - 15:15

    I don't understand. If this is supposed to be an "environmental review panel", why are they weighing in on the economics of the project?

  • William Daniels
    August 25, 2011 - 14:44

    We deserve what we pay if this deal is alowed to go through.

  • Christopher
    August 25, 2011 - 14:40

    Oh who cares about "studies" and "experts". Danny Williams told me to like it so I will. Yay Danny!