Tuesday, April 20, 2010

$6.6 billion CAD, 900 mW hydro project to proceed in British Columbia

On April 19, 2010 the British Columbia provincial government announced plans to move forward with the proposed $6.6 billion CAD 900 megawatt Site C dam project on the Peace River in the Canadian province of British Columbia.

The project is expected to generate 35,000 direct and indirect jobs, and is expected to come into service in 2020 — provided it passes independent environmental assessments by provincial and federal agencies, as well as gaining enough support from first nations to avert the risk of a protracted court challenge.

The project is of course subject to regulatory approvals and ensuring that the crown's constitutional duties to first nations are met. The regulatory reviews are expected to take about two years.

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