Through its subsidiary Newfoundland and Labrador
Hydro, Nalcor Energy has extensive experience managing and operating
hydroelectric assets throughout the province and its assessment of the
facilities, plant conditions, processes and staffing requirements was a
key part of the transition process. Nalcor is currently in discussions
with union representatives and non-union staff to implement the staffing
requirements.
At this point, the Provincial Government has not
finalized any long-term plans for the assets or the power generated. A
Ministerial Task Force has been established to explore options for
economic recovery in the region, including the possibility of attracting
a large industrial electricity customer. The task force is also working
with the recently formed Community Development Committee to identify
possible short- and long-term opportunities.
"The short-term power arrangement being developed
between Nalcor and Newfoundland and Labrador Hydro will be structured so
that the power can be used for other purposes in the central region when
required," said Minister Dunderdale. "We are absolutely committed to
ensuring the power is available for potential industrial customers in
central Newfoundland."
When attracting new business opportunities to the
province and negotiating with potential new companies, the Provincial
Government considers the full package of economic benefits, including
power availability, rates and terms, as well employment, spin-offs and
other local benefits.
In regards to AbitibiBowater�s former timber rights, the
Department of Natural Resources announced Tuesday, March 24, that it
will issue a Call for Expressions of Interest to determine the level of
interest and economic development opportunities that exist in the forest
sector in central Newfoundland.
"We are working through a number of issues in regards
to the closure of the mill," Minister Dunderdale said. "We ask for
patience as we work through the remaining issues in the best interest of
the central region. We appreciate the open communication and
relationship we have with the union leadership and community leaders. We
are planning for the future of the area together."
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