Quebec energy deal worth billions gets green light in Newfoundland and Labrador

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Fri, January 10, 2025

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Quebec energy deal worth billions gets green light in Newfoundland and Labrador

^{Published on 2025-01-10 02:00:41 - MSN}

A dramatic vote on Thursday night ended with the Newfoundland and Labrador government deciding to move forward with a draft energy deal with Quebec heralded as a game-changer for the indebted Atlantic province.

The article discusses a significant energy deal between Quebec and Newfoundland and Labrador, which has now received approval from Newfoundland's House of Assembly. This deal involves the construction of the 1,100-megawatt Gull Island hydroelectric project on the Churchill River in Labrador. The agreement, which has been in negotiation for years, will see Quebec purchasing power from the project, providing a substantial economic boost to Newfoundland and Labrador. The project is expected to generate billions in revenue over its lifespan, with benefits including job creation, infrastructure development, and long-term energy security for both provinces. The deal also aims to foster better interprovincial relations and cooperation on energy matters. However, it has faced some opposition due to concerns over environmental impacts and the long-term financial implications for Newfoundland and Labrador.

Read the Full MSN Article at:
[ https://www.msn.com/en-ca/politics/government/quebec-energy-deal-worth-billions-gets-green-light-in-newfoundland-and-labrador/ar-BB1raDsh ]

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