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.
