Newfoundland and Labrador Hydro Extends Power Purchase Agreement with Corner Brook Pulp and Paper

Quebec Premier Christine Fréchette and Newfoundland and Labrador Premier Tony Wakeham said they expect to reach an agreement in the coming weeks on expanding Churchill River hydroelectric potential, with both sides continuing negotiations. The talks could be affected by Quebec’s general election and Newfoundland and Labrador’s ongoing review by a…

The article reports that the Parti Québécois would seek to redraft Newfoundland and Labrador’s Churchill Falls energy deal and seek compensation for what it calls the 1927 Labrador boundary injustice, if elected. It also notes ongoing talks between Quebec and Newfoundland and Labrador on a revised MOU, with Quebec leaders urging caution ahead of the…

The article reports that Kruger’s Project Tuckamore involves a $700 million investment in Newfoundland’s forestry, mill site, wind farm, and hydro generation, with aim to create about 1,000 regional jobs and the project’s viability tied to all four components. Local leaders, including Corner Brook and Deer Lake mayors, welcome the plan as a potential…

Kruger launched Project Tuckamore to revitalize Corner Brook Pulp and Paper, aiming to create an integrated energy and industrial hub in Newfoundland and Labrador. The plan includes forestry modernization, mill site upgrades with a biomass drying facility, and a wind farm of up to 155 MW, with a new community engagement office opening on July 15 for…

NL Hydro has extended its interim power purchase agreement with Corner Brook Pulp and Paper for one year, running from July 1, 2023, to June 30, 2027. The agreement allows NL Hydro to buy up to 280,000 MWh of power at $187/MWh, with the option to use Corner Brook Pulp and Paper’s supply as needed, and notes that this will not raise electricity rates for…