Guest Post by David Vardy and Ron Penney
Breaking
news from the CBC casts new light on Muskrat Falls!
On January
30, 2017 Uncle Gnarley posted on the falsification of estimates, drawing upon
allegations made by a Nalcor engineer, who said that
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.
