Ms Dunderdale confused Ted Blades of On the Go.
Just a sample;
Blades: I’ll get back to that subsidy in a minute, but let me just pursue the cost of the line a little bit further, you said roughly a hundred million dollars to put a spur out to the south coast when the line comes across to the island, what would it cost to go out to the northeast coast above Groswater Bay?
Dunderdale: Well, I would have to get those numbers for you Ted, I don’t have them right in front of me, but it would cost in the hundreds of millions of dollars, would drive rates up significantly for ratepayers in Labrador and on the island.
Blades: Alright, well given that it’s going to cost billions of dollars torun the line down to the island, so does that mean that our rates aregoing to go up here on the island to pay for that?
Dunderdale: No, what it means is that’s part of the overall project, we’ll need to get financing for the project, we will have to leverage the money that we earn out of our non-renewable projects to help fund the $6- to $9-billion that are going to be required to build the Lower Churchill. What happens with the transmission link is we are able to sell power from the Lower Churchill to Newfoundland and Labrador Hydro to replace Holyrood, so the transmission link, right in the first instance, gives us the first opportunity to have a power purchase agreement with Newfoundland and Labrador Hydro for around 500 MW of power, which will be part of the financing deal, will allow us to leverage financing to develop that project.
I hope CBC gets the whole interview up on their site, I need to listen again.
So when the Minister again tried to appease on Labrador Morning I listened intently. Still very confused I am.
Now I understand about projects making economic sense, it seems that it would cost $100,000.00 per customer to run lines into the North and south coast. But there was no real explanation of how much of a return would be realized from the line from Labrador to Newfoundland, just generalities and repeated pleas to trust us, like, we are the most open accountable Government yuz av ever ad.
So, I’m thinking if it is too costly to run lines from the Lower Churchill to the coast perhaps there would be more of a plan to install alternative energy in the remote communities, or perhaps alternative energy in Labrador. There is a private proposal on the table, but I did not see/hear any mention of it.
After all we keep being told the price of oil is going to go up and up, and we [Danny Government] have a strong interest in reducing greenhouse gases.
But there is no plan to install alternative energy projects, just generalities again and promises to do studies.
Added to the confusion was when the minister was asked this morning about the unfairness to Labrador this all seemed, Ms Dunderdale tried to appease by saying, “well once the line is run into Newfoundland from Labrador and all the profits from selling the hydro power come rolling in, then we will able to develop wind power and sent it into Labrador, it will be a two way line. Then we could look at developing electricity from gas and run that back into Labrador, a two way line”. [I’m paraphrasing].
Looks more like a one way street more than a two way line to me.
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