Hydroelectric Projects
Churchill Falls is the site of a major hydroelectric project, which has a rated capacity of 5,428 MW. Other hydroelectric plants on the river are planned bringing the total to over 9,200 MW. The Churchill Falls development has become a source of friction between two Canadian provinces. The province of Newfoundland and Labrador believes that, although the project is located in Labrador, Hydro-Québec, which provided a major part of the financing and access to the North American power grid, has taken a disproportionate share of the profits from this development. Hydro-Québec buys power from the Churchill Falls project at rates established in 1969.
Read more about this topic: Churchill River (Atlantic)
Famous quotes containing the word projects:
“One of the things that is most striking about the young generation is that they never talk about their own futures, there are no futures for this generation, not any of them and so naturally they never think of them. It is very striking, they do not live in the present they just live, as well as they can, and they do not plan. It is extraordinary that whole populations have no projects for a future, none at all.”
—Gertrude Stein (1874–1946)