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Comments on this story are moderated according to our Submission Guidelines. He said he's more worried he may lose some key people who have become disillusioned by all the scrutiny and controversy associated with the project. When asked about Martin's role in the project, the premier said members of the public can now read the report and draw their own conclusions. The fact there was another $1.2 billion for interest during construction on top of that was not talked about in the early years of the project. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses. Then-premier Kathy Dunderdale testified she "must have known" about the higher number, and believes she was told by Martin, though she couldn't recall a specific meeting or who was in the room. Canada, New Development, News, North America, Turbines and Mechanical Components First power flowing from 824-MW Muskrat Falls Project, Nalcor Energy reports 9.24.20 The 824-MW Muskrat Falls Project has reached a major milestone with its first power flow, according to Canadian utility Nalcor Energy. Muskrat had been sanctioned at a cost of $6.2 billion a year earlier, but the price had grown by $300 million by the time the federal loan guarantee was concluded. So a contract originally estimated at $752 million by Nalcor in 2012 has now surpassed $2 billion, with the remaining work being concluded by a new contractor. It had hoped to ... People in Newfoundland and Labrador are worried about increases to their power bills following a recent announcement regarding the Muskrat Falls project. Elsewhere, Marshall says he will stay on as Nalcor CEO until April 2021. If you would like to write a letter to the editor, please forward it to Due to technical reasons, we have temporarily removed commenting from our articles. The word "Astaldi" can be found 182 times in a Grant Thornton audit of the construction phase of the project. Marshall said he has complete confidence in Bennett. The quote: “Diligence is the mother of good fortune.” Commissioner ... With Muskrat Falls almost complete the next phase of the Lower Churchill project, Gull Island, looms on the horizon. According to the Muskrat Falls Inquiry report by Justice Richard LeBlanc, Astaldi has already been paid $1.7 billion for its work. Audio for this article is not available at this time. Local News. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. ", The premier said it's now clear that Nalcor "understated and withheld financial information" from the province, and Martin "took advantage of political bias and unrealistic optimism of the government of the day.".

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