News

Nova Scotia premier promises independent assessment of Muskrat Falls project

HALIFAX – The Nova Scotia government says it will conduct an independent assessment of the Muskrat Falls hydroelectric project in Labrador that will compare it with other energy options.

Premier Darrell Dexter made the announcement today in a speech at a downtown Halifax hotel, promising to release the study before the Maritime link goes before the province’s Utility and Review Board for approval.

Dexter says the assessment is needed because energy customers in his province deserve to know more about the development.

He says he’s confident this study will show that the project, which is estimated to cost at least $7.7 billion, will provide the lowest electricity rates for Nova Scotia.

Last week, Prime Minister Stephen Harper signed off on a loan guarantee for a project that includes a $1.5-billion subsea link between Newfoundland and Cape Breton.