The development of Muskrat Falls will power homes and businesses across Newfoundland and Labrador with clean, renewable energy for generations. Electricity generated from the 824 megawatt hydroelectric facility at Muskrat Falls will help meet growing energy demands in the province, and will be a valuable power-producing asset for more than 100 years.
The project will also provide significant employment and business opportunities to Newfoundlanders and Labradorians during construction. With the sanction of the project by the Government of Newfoundland and Labrador in late 2012, procurement and employment benefits are being realized across the province.
Once the project is in operation, the development of Muskrat Falls will mean:
- Long-term stable electricity rates for generations of Newfoundlanders and Labradorians
- Lowest-cost power for homes and businesses
- An end to dependence on oil and unstable electricity prices
- Energy for future mining and industrial development in the province
- A link to North America’s electricity grid for exports
- Clean, renewable power – 98% sustainable energy
Learn more about the project here.