Thank you, Mr. Chairman. This project is currently on pause as we look at reconfiguring how best to move forward. A lot of the issues related to the one customer, the payback period, which was very, very accelerated by the standard for this type of project with this type of significant investment, the routing of the transmission line, how do we address some of the other broader, longer-term needs of the Northwest Territories with grid connections and the ability to look at putting whatever surplus power there may
be to use in communities, in buildings, other potential ventures.
There’s a number of these things that now that the Power Corporation has a different chair and different management, and as we have listened to the concerns around this table especially about some of those issues, we want to make sure for this type of investment that we’re on the right track. Those things are being considered.
The work that’s been done especially on the generation side is going to stand us in good stead. It’s engineering work, environmental work, all the other necessary environmental approvals were there. We just have to be sure on the business side and on what’s best in our long-term interest as Northerners.