Loan guarantee for Lower Churchill could be coming soon

A federal loan guarantee to develop the Lower Churchill hydroelectric project could be just around the corner. Premier Kathy Dunderdale says that Prime Minister Stephen Harper has proposed conditions for the loan guarantee, all of which will be met. Dunderdale notes that Harper’s questions about Muskrat Falls focused mostly on the economics of the project. She expects a loan guarantee to be achieved soon. Harper arrives in the province tomorrow, at which time Dunderdale hopes to meet with him to discuss Muskrat Falls. Meanwhile, the provincial Liberals accuse the government of underestimating the construction costs of developing the project — and overestimating the demand for electricity. Leader Yvonne Jones scoffs at government estimates which suggest that power use will rise by about a third over the next six years.

Get our weekly newsletter for in-depth reporting and analysis delivered straight to your inbox. You can unsubscribe from the newsletter at any time. Have a question? Contact us or review our privacy policy for more information.


Sign up for our weekly Indygestion newsletter



Get our newsletter!

The weekly roundup from our editors brings you breaking news, top stories and an inside look at The Indy's work.


Please bookmark our website.

It takes three seconds, but it's important.

In response to the Online News Act, soon Canadians will no longer have access to news on Facebook or Instagram. Google also said it will remove links to Canadian news from Search, News and Discover & will cease operating Google News in Canada.


This will affect you. Don’t let Big Tech suppress the news. Make sure you still get the information you need to stay informed about the biggest issues in our province.

This site uses cookies to provide you with a great user experience. By continuing to use this website, you consent to the use of cookies in accordance with our privacy policy.

Scroll to Top