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Message: IOC

Fed/Prov financing of Muskrat Falls cost overruns

The financing of the cost overruns has been an obstacle in determining the selling cost of the power. The assistance from the Feds, to be announced today, will now allow "reasonable" rates to be offered and planning of the 500kms of new transmission lines to Lab City will be able to proceed. IOC will be able to proceed with it's project to change out 120 bunker burners starting with the first 4 to be operating in 2022. Allow three years to plan/build the transmission lines  before installing 16 torches to complete one line and test it. and then two more tears to complete the remaining 100 changeouts.  2027 to have 120 torches in operation. If this is fast tracked maybe it could be cut to 3 years, 2025. JMHO. Be patient folks.
Peter,could you share your thoughts on this?Maybe a NR coming soon?
 
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