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Hydro-Québec and Newfoundland near new power deal, set to boost revenue and promote clean energy projects.
Hydro-Québec and Newfoundland and Labrador are nearing a new power deal expected to finalize by April 2026, marking a "clean break" from a 1969 contract.
The new agreement will see Hydro-Québec pay increasing rates for Churchill Falls energy, potentially bringing over $225 billion in new revenue to Newfoundland and Labrador by 2075.
The deal also opens opportunities for joint project development and supports a transition to cleaner energy.
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Hydro-Québec y Terranova se acercan a un nuevo acuerdo de energía eléctrica, que impulsará los ingresos y promoverá proyectos de energía limpia.