Provincial Government Signs Letter of Intent with Kruger Inc. to Extend Power Purchase Agreement

The article discusses an independent review of Newfoundland and Labrador’s Memorandum of Understanding (MOU) with Quebec to terminate and replace the 1969 Upper Churchill Contract, while also pursuing Gull Island development and increased Churchill Falls capacity. It argues the province must publish a clear energy allocation framework and build domestic…

The Newfoundland and Labrador government and Newfoundland and Labrador Hydro have extended the Corner Brook Pulp and Paper power purchase agreement through June 2027, via a letter of intent, to provide stability while Kruger’s diversification plans are assessed. The deal involves purchasing around 280,000 megawatt-hours of power at about 18 cents per…

The Newfoundland and Labrador government has signed a letter of intent with Kruger Inc. to extend discussions on a long-term power purchase agreement with Newfoundland and Labrador Hydro and to extend the current interim agreement for 12 months (July 1, 2026 to June 30, 2027). The parties will also explore a long-term diversification project for Corner…

The Government of Newfoundland and Labrador issued a non-binding letter of intent indicating its intention to extend the Corner Brook Pulp and Paper Limited mill’s power purchase agreement with NL Hydro for an additional 12 months to support further assessment of Kruger’s proposed $700 million diversification project. The release states this step…

The government signed a letter of intent to extend the power purchase agreement with Corner Brook Pulp and Paper. This extension will support the company as it pursues its diversification plan.