BC Hydro news release, February 28, 2014:
CAMPBELL RIVER — BC Hydro has signed a contract with InPower BC for the John Hart Generating Station Replacement Project, which includes the construction of an innovative, underground powerhouse that will enhance public safety and improve the site’s environmental footprint.
…InPower BC is a special purpose project company in which SNC-Lavalin Group Inc. has 100 per cent interest. SNC-Lavalin will run the project out of its Vancouver office….
The Campbell River Mirror reported the John Hart budget to be $1.35 billion.
From a website of SNC-Lavalin:
In early 2014, BC Hydro awarded SNC-Lavalin a contract to design, build, finance and maintain the John Hart Generating Station Replacement Project on Vancouver Island in British Columbia, Canada. The project will create [have] an installed capacity of 132 MW. The new facility will replace the existing 126-MW station…
Note that BC Hydro said SNC-Lavalin has a 100% interest in the new generating facility near Campbell River. It remains under construction and is a considerable way from completion. However, even though SNC-Lavalin, the scandal-plagued company that has been banned from World Bank funded contracts for ten years, owns 100% of the project, it is not paying 100% of its cost.
Keep in mind that not a single KWh of electricity has been delivered from the new John Hart facility and another year has passed since Hydro’s last FIA report of expenditures. According to its annual Financial Information Act returns to March 2016, BC Hydro paid:
Categories: BC Hydro