What would you think, having received these comments from a long time professional engineer on the Muskrat Falls project? He writes:
“I could not put up with falsifying information anymore.
To begin with, the original cost of $6.2 billion on which the project was approved was a complete falsification. The estimate was deliberately kept low — below $7 billion, so as to appear favourable relative to the cost of thermal power generation.
The likely costs were known about three years ago, but Nalcor Management kept it a secret, steadfastly denying that there were major schedule delays and cost overruns, until it was no longer possible to hide the true status with the election of a new Provincial Government.
The unit prices used were ridiculously low. The Management at the time knew this.