CONNECT WITH US

Email: info@newfoundnews.ca

Call: (709) 638-2656

  • Facebook App Icon
  • Twitter App Icon
  • Instagram Social Icon
  • YouTube

 Newfoundland and Labrador owned and operated. Newfound News Corner Brook, NL, Canada

© 2019 Newfound News

Muskrat Falls Project Never Should Have Been Started

September 22, 2018

An audit completed by Grant Thornton indicates that the Muskrat Falls Project never should have been started.


The governments claim at the time that Muskrat Falls was the least cost option for Newfoundland and Labrador's power need was wrong.


The report also indicated that Nalcor underestimated the annual operating costs by $70-million leading to a massive shortage of the funds allocated for the project.


In a shocking claim, the report also states that capital costs won’t be recovered for another 20 to 30 years.

Share on Facebook
Share on Twitter
Please reload

XPLO_skyscraper_NF_juillet2019_160x600px