Monday, December 15, 2014

Rising costs take toll on Site C dam likelihood

Artists rendering of the proposed Site C Dam. Handout

Rising costs take toll on Site C dam likelihood

The Site C hydroelectric dam on the Peace River now has a price tag of C$8.5 billion

By Jeremy van Loon and Rebecca Penty, Calgary Herald/The Province/Bloomberg December 12, 2014

Rising costs for a planned hydropower station in British Columbia are threatening the project as the province champions exports of liquefied natural gas.

The Site C hydroelectric dam on the Peace River now has a price tag of C$8.5 billion ($7.4 billion), an increase of 7.6 per cent since October when the provincially owned BC Hydro & Power Authority project won environmental approval. The government of Premier Christy Clark, who revealed the higher cost this week in an interview at Bloomberg headquarters, will decide by the end of the year if the project will go ahead.

Read more here: http://bit.ly/1IRoyBN

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