ARCHIVED - Loan Guarantee for the Lower Churchill River Projects

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Nalcor Energy, a Newfoundland and Labrador Crown corporation, and Emera Inc., a Nova Scotia energy company, have requested federal financial support for the Lower Churchill River projects, which include:

  • The Muskrat Falls Generating Station and the transmission lines connecting this facility to the existing Churchill Falls Generating Station and the future Gull Island Generating Station;
  • The Labrador–Island Link; and
  • The Maritime Link connecting Newfoundland and Nova Scotia.

On August 19, 2011, the Government of Canada signed a Memorandum of Agreement (MOA) demonstrating its commitment to provide support for these projects and issued a Request for Proposals on the Government Electronic Tendering Service (MERX) to seek financial advisors to undertake due diligence required for a loan guarantee. The financial advisors are currently working on the due diligence by conducting financial and risk analysis of these projects that will assist in the implementation of the MOA.

Media may contact: 

Patricia Best
Director of Communications
Office of the Minister
Natural Resources Canada
Ottawa 
613-996-2007

or

Media Relations
Natural Resources Canada
Ottawa
613-992-4447