Nalcor Energy is leading the world-class Muskrat Falls hydroelectric development on the lower Churchill River in Labrador. The project includes construction of an 824 megawatt (MW) hydroelectric dam on the lower Churchill River in Labrador, and more than 1,500km of associated transmission lines that will deliver electricity to homes and businesses in Newfoundland and Labrador:
When the generating facility is operational, approximately 40% of the power generated at Muskrat Falls will be used to meet the island’s electricity needs. For 20% of the project cost, Emera Inc. will purchase 20% of the power from Muskrat Falls for use in Nova Scotia. The remaining 40% of the power may be exported into Atlantic Canadian and New England markets or retained for our own use as needed. The province is projected to need 80% of Muskrat Falls’ power by 2036, or earlier as additional industrial growth occurs.
From jobs and business contracts during construction, to generations of stable electricity rates and additional provincial revenue, the benefits of Muskrat Falls will be felt in every corner of the province. The construction of Muskrat Falls will generate significant employment and economic benefits, including:
- $1.9 billion in income to Newfoundland and Labrador labour and business
- 1,500 direct jobs per year on average across more than 70 occupations
- An average of 3,100 direct jobs at peak employment in 2015
- 9,100 person-years of direct employment, including 5,800 in Labrador
Nalcor Energy is Newfoundland and Labrador’s energy company. We are a Crown corporation headquartered in St. John’s, and the company’s business includes the development, generation, transmission and sale of electricity; the exploration, development, production and sale of oil and gas; industrial fabrication; and energy marketing.