Newfoundland and Labrador Hydro extends power purchase agreement with Corner Brook Pulp and Paper
Newfoundland and Labrador Hydro has extended its interim power purchase agreement with Corner Brook Pulp and Paper Limited for one year, which began on July 1, and ends on June 30, 2027.
This agreement provides the province an opportunity to review and consider Kruger’s proposed approach to diversification at Corner Brook Pulp and Paper. Newfoundland and Labrador Hydro will buy up to 280,000 megawatt hours of power at $187 per megawatt hour. Newfoundland and Labrador Hydro can use Corner Brook Pulp and Paper’s power supply when needed.
This will not increase electricity rates for customers.
Corner Brook Pulp and Paper is a long-standing employer in rural Newfoundland and Labrador and a key part of the forestry industry.
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