Head of Nalcor Energy to give update on troubled Muskrat Falls hydro project

ST. JOHN’S, N.L. – The head of Newfoundland and Labrador’s Crown corporation Nalcor Energy is slated to give an update today on the troubled Muskrat Falls hydro project.

Stan Marshall is expected to speak to the media in St. John’s at 10:45 a.m. local time following a technical briefing.

Marshall said last month that there was little chance the project would be cancelled despite soaring costs and delays.

At the time, he said substantial progress had been made but that there will likely be more delays and he would provide a full status update after assessing cost overruns.

He said the report would include changes at the senior management level to better control delays at the sprawling work site near Happy Valley-Goose Bay in Labrador.

The province has already spent more than $4 billion building the dam and power house on the lower Churchill River, with cost projections for the province soaring to about $7.7 billion from $6.2 billion.