Cheaper to cancel Site C dam than delay BC megaproject until 2025

first_imgVANCOUVER – A new report concludes that it would be cheaper to cancel the Site C dam than to delay the $8.8-billion megaproject in northeast British Columbia.The report by auditing firm Deloitte LLP says that pausing the project until 2025 would cost approximately $1.4 billion, while cancelling it outright would cost $1.2 billion.Deloitte was tasked by the B.C. Utilities Commission to examine the costs to ratepayers of suspending or terminating the dam and whether it is on time and within budget.Premier John Horgan’s NDP government has asked the commission to review the economic viability of the project and the commission will consider the Deloitte report as part of its review.The report says the project is facing significant schedule and cost pressures, including the possibility of missing a river diversion milestone in 2019 that could inflate the overall price tag to more than $12.5 billion.It also says Site C faces major risks including performance issues of contractors, unforeseen geotechnical conditions and cost risks related to major contracts that haven’t been awarded yet.“These risks could impact the cost and schedule performance of the project,” the report says.A decision to suspend the project until 2025 would trigger the close-out of the existing project and require a new project to be defined, including scope, budget and schedule, the report says.Based on the current status of the project, existing contracts and agreements and anticipated activities to demobilize, preserve, safeguard and remobilize the site, the total cost of suspension would be about $1.4 billion, it says.Terminating the project would require BC Hydro to withdraw from the site, return it to its natural state that supports long-term wildlife and vegetation and close out liabilities, bringing the cost of cancellation to $1.2 billion.The utilities commission is expected to deliver an interim report by Sept. 20 and a final report by Nov. 1.The massive hydroelectric dam on the Peace River was a signature megaproject of former Premier Christy Clark.The NDP campaigned before the May election on having the project reviewed by the commission, a practice that was once standard in B.C., before Clark’s Liberal government passed clean-energy laws that allowed some projects to bypass the regulatory agency.More than 2,400 people are employed by the project and construction continues while the review is underway.last_img read more

The new Apple TV box Middle East and North African

first_imgThe new Apple TV boxMiddle East and North African over-the-top video service Icflix has launched on the latest generation of Apple TV box.Icflix said the new app was built from the ground up by an in-house team and is available to download from the Apple TV App Store.“Icflix is all about convenience; being able to watch the entertainment you love whenever you want, at home or on the go. The new Apple TV is a great way for viewers to watch the best of Hollywood, Jazwood (Arabic) and Bollywood content,” said Carlos Tibi, founder and CEO, Icflix.Apple launched its latest generation Apple TV device in September. The box runs on the new tvOS operating system, based on Apple’s iOS, which allows iOS developers to create new apps and games specifically for Apple TV.last_img