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October 10, 2013

Astaldi wins $962m contract for Muskrat Falls hydroelectric plant in Canada

Astaldi Canada, a subsidiary of Italian firm Astaldi, has won a contract to carry out major civil works for the 824MW Muskrat Falls hydroelectric generating facility project in Canada.

By admin-demo

Hydro Civil Works

Astaldi Canada, a subsidiary of Italian firm Astaldi, has won a contract to carry out major civil works for the 824MW Muskrat Falls hydroelectric generating facility project in Canada.

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The scope of the $962m contract will include construction of two dams, a power house, intake and gated spillway with works set to begin before the end of 2013 that will last for around four years.

The project is comprised of three components: the hydroelectric generating facility (where Astaldi will complete its work); 1,100 km of transmission line in the province of Newfoundland and Labrador (NL) (HVac and HVdc line); and the Maritime Link between the Provinces of NL and Nova Scotia.

Combined, the estimated cost of the project is $7.4B.

Having received approval from the Newfoundland and Labrador Government in December 2012, the plant is likely to be commissioned by 2017.

The Canadian Government had committed a loan guarantee of up to $6.3bn for the project, which is located on the Lower Churchill River, around 30km west of Happy Valley-Goose Bay, Labrador.

The federal government will guarantee project debt to help the proponents finance the the Muskrat Falls Hydroelectric Generation Station and three transmission projects; the Labrador Transmission Interconnection, the Labrador-Island Transmission Link and the Maritime Transmission Link.

The federal loan guarantee will lower the costs of borrowing for the proponents, with projected savings of over a billion dollars for ratepayers in Newfoundland and Labrador and Nova Scotia.

"Having received approval from the Newfoundland and Labrador Government in December 2012, the plant is likely to be commissioned by 2017."

In August 2012, Nalcor Energy and Emera had signed agreements to develop the Muskrat Falls power generation project and transmission links between Upper and Lower Churchill Falls, between Lower Churchill Falls and the Island of Newfoundland and between Newfoundland and Cape Breton, Nova Scotia.

According to the agreements, Nalcor and Emera will use 40% (330 MW) and 20% (165 MW) of the output respectively, while the remaining 40% is not committed, most of which is likely to be used for export, mainly to New England.

Muskrat Falls, which is claimed to be the second-largest hydroelectric facility in the province, is part of the 3,000MW Lower Churchill project and will also include the 2,250MW Gull Island hydroelectric plant.

Together these projects will generate 16.7TWh of electricity annually and significantly reduce greenhouse gas emissions.


Image: Astaldi will carry out major civil works at Muskrat Falls hydro plant in Canada. Photo: courtesy of Nalcor Energy.

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Battery energy storage will be the key to energy transition – find out how

The market for battery energy storage is estimated to grow to $10.84bn in 2026. The fall in battery technology prices and the increasing need for grid stability are just two reasons GlobalData have predicted for this growth, with the integration of renewable power holding significant sway over the power market. Over the last decade, various new digital and smart technologies have been integrated, with countries aggressively promoting the modernization of grids, enhancing the grids’ capability to meet present and future requirements. As part of the effort, batteries are being deployed for a wide range of uses. A few such uses include aiding smart grids, integrating renewables, and creating responsive electricity markets. Read this report for expert insights into:
  • Market size and growth
  • Key drivers and restraints
  • Regional trends
  • The impact of the commodity price increase on the battery prices
Get ahead of this growing market and win big by utilizing our report.
by GlobalData
Enter your details here to receive your free Report.

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