The third dam on the Peace River currently has an estimated price tag of about 8 billion dollars, and has for decades been the subject of a sharply defined debate.
This announcement doesn’t mean the dam will be built. Both the Federal and Provincial Governments now have 120 days to announce if they will build the dam.
Hydro insists it will be the source of clean, cost effective electricity, which will annually power the equivalent of 450,000 B.C. homes.
The full report is attached below.
We’ll have more details in subsequent reports later today.