
Premier John Hogan says it’s “possible because Quebec must secure its future power supply, and that has driven our ability to end an unfair contract and unlock significant new revenue for our province today—17 years early.”
The potential to work together on mining opportunities in NL, including future infrastructure, was one of the discussions yesterday as Premier John Hogan met with Quebec Premier François Legault. Hogan spoke about the need for critical minerals and the role NL can play.
Premiers also talked about reaching agreements on the Churchill Falls Memorandum of Understanding (MOU). The MOU will bring benefits to NL like thousands of jobs, over $225 billion in new revenue, and increased power capacity. Hogan says it’s “possible because Quebec must secure its future power supply, and that has driven our ability to end an unfair contract and unlock significant new revenue for our province today—17 years early.”
The President and CEO NL Hydro, Jennifer Williams, was also at the meeting. She says they “have incorporated solutions in negotiations to protect against another unfair contract and against the financial risks of another major hydroelectric project.” Williams added that they are “advancing negotiations with partners at Hydro-Quebec to ensure our province sees real benefits in the very near future.”