What to know about the $36B Hydro-Quebec energy deal with Newfoundland

Hydrokeepik has an agreement of 0 .2 cents per kilowatt hour.Therefore, our priority was to make sure that the cost will maintain our competitiveness and ensure that there is no shock in the prices of our consumers.

The mission on this front has been accomplished.How will the price rise?Will the price remain at 6 cents per kilowatt hour, or will there be an increase to the final agreement?and we believe that what was announced yesterday was well received.Most people realize the value of this.We believe and we are convinced that it is the best project for renewable energy in North America to be able to expect its growth in the field of energy.

and this deal helps in ensuring that.Therefore, all our focus is on ensuring the completion and signing of a final agreement by the end of the year.Are there any concerns about the original groups and what if there is still a negotiation with them?Not a source of concern.We have to cooperate.We must work well with the original communities on both sides of the border.

There are communities from INU participating in what there are communities from Inu on the side of Labrador.This must be done in a good way.This must be done in a good way.We will achieve success that will be beneficial to us and to them.Good.

On the side of Newfoundland and Labrador, it is known for a long time that they did not like the original agreement that was signed about 60 years ago.

What are the other advantages that they will get in addition to the increase in price?In fact, I would like to point out that one of the biggest advantages that many people do not talk about is that there is no available energy in Labrador.Therefore, in order to meet the increasing demand for the mining sector in Labrador, which can be provided by the Churchill Falls, they will be able to facilitate the growth of the mining sector in Labrador, which is a good thing.And with the expansion in Churchill Falls, excuse me, not Labrador Falls, and the Goal Island project, how do you expect things to develop?

You have several different organizational groups to work with on this issue.The foundation, Churchill Fools, was established in 2032, i .e.a one -year turbine for 11 consecutive years, between 2032 and 2042.It is expected that the date of Goal Island's entry into service will be between 2036 and 2037.The Goal Island project actually has the necessary specifications where the representatives of Newfoundland did a great job over the past few years to make sure that this project is ready to launch, to make sure that we are ready to start.

Therefore, this last announcement is a sign for us to resume work and send the team to the site and work with communities to ensure the entry of this great asset, Gold Island, into service as soon as possible.Good.

And now, and I mean by this that you have been for a long time to the United States, New York and Massachusetts.Newfoundland and Labrador can now sell there as well.Will you work with us or will you compete?How will it develop?

No, it is a cooperation.Basically, that was one of their priorities, to ensure that some of their energy reaches the market, and to ensure that they get the fair value that the market wants in return for this kind of renewable energy.So we will work with us to ensure that they get the full value of the contracts, such as the contracts that we have with New York and New England, in addition to the general changes in the market dynamics in Ontario as well, to achieve their full value.We are working hand in hand to ensure that they get a fair price for their energy.In 2027, the new contract will be serial.

The positive energy that they will own will be able to market it in cooperation with us to achieve its full value.So, this is part of a new partnership.We want to look at this matter in a different way.We want to build these assets with us.And we want the help of both parties to increase the value that we can get from that energy.Well, Defu.

We have to end the meeting here.But thank you very much for joining us.We can do that.