Mechanisms to govern whether or not Quebec is living up to its commitments to develop megaprojects under the MOU will be built into the finalized documents, according to the CEO of NL Hydro.
The MOU with Quebec has an exclusivity clause that prevents the province from entering into discussions with any other parties to develop Gull Island or the Churchill River for up to 20 years.
During the debate on the MOU in the House of Assembly, opposition Industry, Energy, and Technology critic Lloyd Parrot asked whether Quebec could use that stipulation to drag out proceedings and delay the development of those resources.
Hydro CEO Jennifer Williams says Quebec only has exclusivity if they are actively pursuing the projects. If they are not, then the exclusivity ends.
To that end, Parrot asks how Quebec’s activity will be policed.
She says the final agreements will lay out how the joint development agreements and the various milestones that both provinces have to meet.