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"Progress is being made, but the information Nalcor reported to us does not support a reasonably firm conclusion that options identified so far will eliminate vibration as a source of limitation on synchronous condenser operations in the near term. Again, in the Monday letter to the PUB, Hydro points out “In light of the update to the Muskrat Falls project schedule included above, Hydro is extending the readiness to operate the Holyrood thermal generating station to … Nalcor Energy CEO Stan Marshall today provided an update on the Muskrat Falls Project and COVID-19 pandemic impacts to cost and schedule. A quarterly report from the oversight committee for the Muskrat Falls project says that delays with pouring concrete among the reasons why the project is behind schedule… We won’t be up and operating by then, for sure,” said Marshall. We have also not seen a clear basis for determining what short- and long-range damage to the synchronous condensers the issues may cause (e.g., the time to failure of the SC if solutions do not completely obviate the issues that exist)," reads the report. The Muskrat Falls hydroelectric dam — located on Labrador’s lower Churchill River about 25 kilometres west of Happy Valley-Goose Bay — is nearing completion almost three years behind schedule and more than $6 billion over budget. Following Bennett’s testimony, Concerned Citizens Coalition co-chair (and former chair of the province’s Public Utilities Board)) David Vardy said he learned a lot given Bennett’s comments and the points now on the record. The Commissioner heard applications for standing and/or funding on April 6, 2018. According to the report, Nalcor has increased management attention on the contractor's performance in that part of the project. Finance costs, maybe depending on the delay, it’s starting from a period of time, let’s say $200 million in finance costs,” said Marshall. “We’ll never get back to the workforce we had when we shut down. Financial costs continue to rise as well, by about $1 million a day, according to Marshall. Marshall says while work hasn’t gone as quickly on the LIL software, progress has been made toward a solution. “We, like Nalcor and Hydro, hope that performance (and now work conditions) will improve soon enough to support LIL availability by this coming December. That means the $10.1 billion in base costs could rise to $10.3 billion. The Liberty report says General Electric has issued a request for proposals for a solution to the vibration. "We also do not believe there exists at present a basis for making realistic projections of the time it will take to get the SCs to a point where vibration issues will not delay their commissioning.". 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. That means work at Muskrat Falls is behind schedule. We have also not seen a clear basis for determining what short- and long-range damage to the synchronous condensers the issues may cause (e.g., the time to failure of the SC if solutions do not completely obviate the issues that exist)," reads the report. Financial costs continue to rise as well, by about $1 million a day, according to Marshall. However, circumstances make it clear that reliance on that hope requires a backstop.”. Nalcor Energy CEO Stan Marshall has confirmed the $13.1-billion price tag for the Muskrat Falls project, but it’s likely not the last time the project will see a price increase. “Muskrat Falls was the wrong project undertaken at the wrong time by neophyte project managers whose inexperience continues to haunt us financially,” Browne said. Construction on the project ground to a halt on March 17 when the coronavirus made its way to Newfoundland and Labrador, the day before a public health emergency was declared in the province. COVID-19 restrictions mean while work can resume by the end of the month, the number of workers allowed on the construction site will be much lower than before the shutdown. By September 2012, the proposed project schedule had reached a “P3,” but it’s considered a negligible change. Closed Captioning and Described Video is available for many CBC shows offered on CBC Gem. Find out more about how we use your information in our Privacy Policy and Cookie Policy. The cost and schedule have The station at Muskrat Falls will have a capacity of over 824 MW and provide 4.9 TWh of electricity per year. We’ll lose more time.”. We reserve the right to close comments at any time. Nalcor CEO Stan Marshall provided an update today on the project and the impact of COVID-19 on cost and schedule… He says it will be September before a more certain cost and schedule estimate is determined for the project. Commission of Inquiry Respecting the Muskrat Falls Project 5 th Floor, Suite 502 Beothuck Building 20 Crosbie Place St. John’s, NL A1B 3Y8. Achieving — and maintaining — productivity improvements at Muskrat Falls are critical to maintaining the original timelines, the committee noted. 1 being least likely, and 10 being most likely. Beothuck Building We won’t be up and operating by then, for sure,” said Marshall. Consumer advocate Dennis Browne was blunt in his assessment of the latest cost and schedule overrun for the project. Sorry you must be at least 19 years of age to consume this content. “The first payment of principal interest come due in December — that’s $200 million. COVID-19 restrictions mean while work can resume by the end of the month, the number of workers allowed on the construction site will be much lower than before the shutdown. “The level of pessimism that now exists regarding LIL availability for the coming winter calls for an expedited effort to develop plans and the capability to operate without the LIL.

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