Politics
Hydro-Quebec Reaches $36 Billion Energy Deal With Newfoundland
Key Points
Hydro-Quebec Reaches $36 Billion Energy Deal With Newfoundland The Canadian province of Newfoundland and Labrador managed to boost the value of a new 50-year electricity supply agreement with Hydro-Quebec, likely ending a long-running dispute with the province of Quebec. The C$49.3 billion ($35.5 billion) deal, on a net present value basis, if it materializes, could become the largest clean energy investment in North American history, according to the Canadian government.
Hydro-Quebec Reaches $36 Billion Energy Deal With Newfoundland
The Canadian province of Newfoundland and Labrador managed to boost the value of a new 50-year electricity supply agreement with Hydro-Quebec, likely ending a long-running dispute with the province of Quebec.
The C$49.3 billion ($35.5 billion) deal, on a net present value basis, if it materializes, could become the largest clean energy investment in North American history, according to the Canadian government.