The CEO of Nalcor says if key players at the start of the project had a background in utilities, Muskrat Falls may not have been built in the first place.
Stan Marshall returns to the public inquiry in St. John’s today after a full day of questioning on Tuesday.
Marshall told the inquiry that those who undertook the project had never been involved in a hydroelectric project, and as a result, he says it was not approached the way a utility would approach it.
Marshall described the results as a boondoggle.
Marshall says the cost overruns associated with the project are not the boondoggle – He says the boondoggle is the risk that was taken on to do the project, and the outcome was a terrible result.