Canadian government provides $500M bailout for Muskrat Falls power project to stabilize costs and complete project.
The Canadian federal government is providing a $500 million bailout for the Muskrat Falls power project to address delays and minimize potential rate hikes for Nova Scotia residents. This funding aims to stabilize energy costs and support the completion of the project, which has faced significant challenges. The initiative underscores efforts to manage electricity prices while ensuring the project's viability.
September 16, 2024
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