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Letter: Muskrat Falls – there’s far too much at risk – The Telegram
by ahnationtalk onOctober 12, 201760 Views
Pam Frampton, in her Oct. 7 Telegram column, “Inquiring minds want to know” states that “With more than 80 per cent of the (Muskrat Falls) work finished, the province can’t afford — financially, legally or practically — to stop now.”
First, let me say that the phrase “80 per cent of the work finished” can be misleading.
When the transmission line work is included in that statement, the total percentage of the project work completed is “averaged up.” The transmission line is almost 100 per cent complete. Whereas the separate multi-billion-dollar generation component is about 50 to 60 per cent complete. And it is with respect to the generation component that billions of additional dollars remain to be spent. That is where the risk of methylmercury comes from. That is where the risk of wiping out Mud Lake comes from. That is where the loss of life and risks for Happy Valley-Goose Bay comes from. That is where the risk of a breach of the North Spur comes from. That is where a very large part of the ongoing/multi-year/multi-billion-dollar operating/interest and maintenance costs come from, etc.