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They were very fan of it when electricity prices were low and someone had to pay the enormous costs (~6.5B$ 2020 dollars) of construction with no guarantee of b
by Voloskaya 6y ago
They were very fan of it when electricity prices were low and someone had to pay the enormous costs (~6.5B$ 2020 dollars) of construction with no guarantee of benefits:
"At the time BRINCO was praised for having built the station with no public money from Newfoundland, while Hydro-Québec assumed nearly all the financial risk. It is unlikely that BRINCO would have found other investors willing to take on that risk.[11] In 1981 it made a good return on the investment at almost no risk.[6]"
https://en.wikipedia.org/wiki/Churchill_Falls_Generating_Station#Finance https://en.wikipedia.org/wiki/Churchill_Falls_Generating_Sta...