Energy Plan - Government of Newfoundland and Labrador
Energy Plan - Government of Newfoundland and Labrador
Energy Plan - Government of Newfoundland and Labrador
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The province will monitor other energy innovation opportunities to determine<br />
their applicability to the <strong>Newfoundl<strong>and</strong></strong> <strong>and</strong> <strong>Labrador</strong> energy sector. Potential<br />
opportunities include ocean energy (including tidal), biomass <strong>and</strong> methane<br />
hydrates.<br />
The <strong>Government</strong> <strong>of</strong> <strong>Newfoundl<strong>and</strong></strong> <strong>and</strong> <strong>Labrador</strong> will provide a $5 million<br />
investment to begin this research effort, including the development <strong>of</strong> an <strong>Energy</strong><br />
Innovation Roadmap for <strong>Newfoundl<strong>and</strong></strong> <strong>and</strong> <strong>Labrador</strong>.<br />
<strong>Energy</strong> as a tool for Economic<br />
Development<br />
In addition to providing significant direct fiscal <strong>and</strong> employment benefits, access<br />
to energy can also drive economic activity in a more indirect manner. For many<br />
industries, having a secure, long-term supply <strong>of</strong> competitively priced energy is<br />
critical. As shown in Figure 6.3, NLH provides competitively-priced energy to a<br />
number <strong>of</strong> large industrial customers, including Abitibi Consolidated Inc., Corner<br />
Brook Pulp <strong>and</strong> Paper, Aur Resources <strong>and</strong> North Atlantic Refinery. The Iron Ore<br />
Company <strong>of</strong> Canada <strong>and</strong> Wabush Mines are not included because they get their<br />
power from Churchill Falls under contractual arrangements.<br />
Figure 6.3<br />
Average Monthly Electricity Cost Comparison (Jan. 1, 2007); Industrial<br />
Service at 100 MW; 58,000 MWh<br />
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