Mr. Speaker, the business case that was put forward, the modelling, the request for support from federal funds, as well as this total project being based on the power purchase agreements that are to be signed with the mines. Without those power purchase agreements, there is no project. The issue of the construction
phase is until the construction is done and the delivery of power happens, the revenue source isn’t there yet, so that’s the construction phase that they are seeking to have some commitment from the Government of the Northwest Territories or the federal government to deal with that construction piece.
As the GNWT, as the Minister of Finance has stated, we are unable to guarantee that level of debt to the Power Corporation. Hence the discussions of finding partners beyond ourselves to help carry this project through. Thank you.