Throughout construction, the Muskrat Falls Project will generate more than $1.9 billion in income to labour and business throughout Newfoundland and Labrador, $2.2 billion in Atlantic Canada and an estimated $4.7 billion across Canada. Nalcor Energy is committed to optimizing these benefits and communicating with the business community regarding procurement opportunities. This includes meeting commitments made in:
- Impacts and Benefits Agreement with Labrador’s Innu Nation
- Benefits Strategy with the Government of Newfoundland and Labrador
- Benefits Memorandum of Understanding between the Governments of Newfoundland and Labrador and Nova Scotia
Nalcor Energy is committed to providing full and fair opportunity on a competitive basis to those who wish to participate in supplying goods and services to the project.
Significant procurement activity for the project is already underway, with most procurement activity scheduled from 2013-15.