2041 Energy Incorporated claims that Nalcor and the
province have missed a vital component in the proposed development of Muskrat Falls.
Nalcor has spend millions
building roads to the site, carrying out studies and negotiating the finances
but 2041 says all that is for not if a deal can not be struck with Hydro Quebec
regarding water rights.
2041 spokesperson, former
Liberal leadership contender Bern Coffey, has released a letter that points
towards what he claims is a deal killer. He says the existing Churchill Falls
Contract speaks to Hydro Quebec’s contractual right to determine the spillage
of water at Churchill Falls. That spillage
will determine the amount of water in the Muskrat Falls
reservoir and it’s electrical output.
Frankly, I can not believe
that an issues as important as the flow of water needed to generate electricity
for transmission to the island and export to Nova Scotia
and the New England
States has not been dealt
with.
If the assertion is correct,
it certainly shakes my confidence in those charged with making this development
a reality. I look forward to a rebuttal from government, or at least a clarification.
In the meantime, the
original architect of the Muskrat Power Development will be front and center at
the St. John’s Board
of Trade today.
Former Premier Danny
Williams will be breaking his self-imposed silence on the project that he
introduced prior to leaving office in the fall of 201. He has been quoted as
remaining resolutely in favor of the project since rejoining the private
sector.
7 comments:
Think you should have waited for Nalcor's reply before you quoted Coffey.
Why?
I only quoted Coffey and questioned if he was right. You did see the questions mark right. Not seen Nalcor's response but like I said in my post, I would be surprised if the issue was not dealt with and welcomed a clarification.
Peter
Has Nalcor responded?
Dan loves Kathy!
What is he going to do, dish his own project...that he is counting on to make his mining venture more attractive to a take over bid?
Geez Louise..
http://www.nalcorenergy.com/uploads/file/Media%20Statement_Water%20Management%20Agreement_Oct%2022%202012.pdf
Hisself claiming a bout of "self-imposed silence" is about as credible as a 4 year old saying he'll never pee again.
Hey Wally you forgot to sign your name.
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