The British Columbia Utilities Commission has completed a review of the highly controversial site C Project, saying stalling the megaproject is more costly than canceling or proceeding.
The NDP Government has asked the commission to examine the economic viability of the megaproject, which was implemented by the former premier Christy Clark.
The commission, however, doesn’t make a recommendation on whether the province should proceed or cancel the dam. but it says terminating the project would cost 1.8 Billion dollars while completing the project would cost more than 10 Billion dollars.
The report says the project is not within the proposed budget of 8.3 Billion dollars and could end up costing 20-50 percent more, while other energy sources including wind could provide similar benefits with lower costs.
Ken Boone is the President of the Peace Valley Landowner Association and he says it has been a long road but he’s happy the NDP government is seeing the negatives of the project.
The dam is two years into construction on the Peace River in northeast B.C. and work has continued while the review is underway.