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ARTICLE · 06 JANUARY 2015

Site C Dam Approved: Troubled Waters Ahead?

Stikeman Elliott LLP
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On December 16, 2014, the Province of BC made a Final Investment Decision to proceed with the development of Site C – an $8.335 billion dam project on the Peace River with the capacity to produce 1,100MW of electricity.

CanadaEnergy and Natural Resources
Stikeman Elliott LLP
Stikeman Elliott LLP
Rachel Hutton
Rachel Hutton
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On December 16, 2014, the Province of BC made a Final Investment Decision to proceed with the development of Site C – an $8.335 billion dam project on the Peace River with the capacity to produce 1,100MW of electricity.

A Cheaper form of Clean Energy:  The Province's analysis, released together with news of its FID, concludes that Site C will be a cost-effective alternative to help meet future electricity demands in BC and in particular, will be cheaper than developing gas-fired plants operated by BC Hydro, or any alternative projects by Independent Power Producers.

A Landmark Major Project for BC:
Site C will be, in current dollars, the most expensive capital project ever undertaken by the Province and merits scrutiny and continuing review for that reason alone.  But Site C is also interesting because it will, over the next few years, provide global insight into whether costs and construction schedules for major capital projects can be effectively managed.

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