Emera Inc. (TSX: EMA) has registered the Maritime Link Project with the Canadian Environmental Assessment Agency and the Newfoundland and Labrador environment and conservation department. The electrical transmission line between Newfoundland and Cape Breton Island is intended to help supply hydroelectrical power from the Muskrat Falls Generating Facility to Nova Scotia.
ENL Maritime Link Inc., a subsidiary of Emera Inc. (TSX: EMA), announced Friday it has taken the first step in the environmental assessment of its proposed $1.2-billion electrical transmission line between Newfoundland and Cape Breton Island.
The project is intended to help supply electrical power generated by the Muskrat Falls Generating Facility, one of the proposed Lower Churchill projects at Labrador, to Nova Scotia. Emera also plans to develop a transmission link from Labrador to the island of Newfoundland.
Halifax-based Emera registered the Maritime Link Project with the Canadian Environmental Assessment Agency and the Newfoundland and Labrador environment and conservation department.
The Maritime Link is intended as a 500 Megawatt, 200-kilovolt transmission line. Emera Newfoundland and Labrador was established in November, 2010 when Emera agreed with Nalcor Energy to negotiate and conclude final agreements to develop the transmission lines.
Emera operates electrical utilities in the U.S. northeast, Atlantic Canada, St. Lucia, Grand Bahama and Barbados.
The 2010 agreement with Nalcor, officially referred to as a term sheet, requires Nalcor to build the generating facilities at Muskrat Falls, for Emera to establish a regulated transmission utility and to fund the link to Nova Scotia. The total investment by all parties at the time was projected at $6.2 billion.
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