Muskrat Falls Project

Ranking for 2020: 4

Industry Sector: Energy

Specific Sector: Hydroelectric

Range: $12.7 billion +

Project Value: $12,700,000,000

Government Funds Involved: Public/Private

Funding Source: Public/Private

Location: Newfoundland and Labrador

Estimated End Date of Substantial Completion: Transmission 2018; Generation 2019; Substantial Completion 2020

Nalcor Energy leads this development, which includes construction of an 824-megawatt hydroelectric generating facility at Muskrat Falls on the lower Churchill River in Labrador and more than 1,600 kilometres of associated transmission lines and infrastructure that will deliver electricity to Newfoundland and Labrador.

The Government of Newfoundland and Labrador sanctioned the Muskrat Falls Project in December 2012, and construction of the project began in January 2013. Construction has started as planned on all major work sites for the project, including Muskrat Falls, Soldiers Pond, Churchill Falls, the Strait of Belle Isle, and the transmission routes.

Once completed, the project will provide sustainable energy production for residential, commercial, and industrial growth throughout Newfoundland and Labrador in the coming decades.

In October, Nalcor Energy announced that all concrete for the Muskrat Falls civil works, 680,000 cubic metres, had been poured. The project is scheduled to reach substantial completion by the end of 2020.

Project Owner: Nalcor Energy; Emera (Labrador-Island Transmission Link)

Engineer: Nalcor Energy; SNC-Lavalin; Wood Group (consulting)

Contractor: Andritz Hydro; Astaldi; Barnard-Pennecon JV Transmission: GE Energy (formerly Alstom Grid Canada and Alstom Renewable Power Canada); H.J. O'Connell Construction; Valard Construction; Pomerleau

Supplier Other: Lafarge and Holcim Canada (cement); GE (transformers, rotors, and stators); Mammoet; McKeil Marine; Canam Group

Legal: Cassels Brock & Blackwell (Government of Canada); Dentons (advisor to owner); Fasken Martineau DuMoulin (finance counsel to Nalcor); Gowling WLG (counsel to Emera); McCarthy Tétrault (TD Securities/Goldman Sachs); Borden Ladner Gervais (legal advisor)

Financiers and Banks: TD Securities and Goldman Sachs (co-lead arrangers)

Other Key Players: IKC-ONE; Innu Kiewit Constructors; H.J. O’Connell, Neilson; EBC Inc.; Hatch; Golder; Lafarge and Holcim Canada; EY; Aon; KPMG; EXP; CRT Construction; Morrison Hershfield; AGAT Labs; Deloitte; RATIO