A power purchase agreement from the Power Corporation was a condition for the federal funding available. Despite a three-year window in which to provide the necessary power purchase agreement was not forthcoming from NTPC. The government has said that it provided the terms for an agreement, knowing full well that this falls short of the requirement for the PPA. This failure cost residents, businesses and government millions of dollars in the loss of local jobs. Borealis was willing to shoulder all financial risks.
Why did the government not direct this fully owned subsidiary to provide a power purchase agreement for this key energy initiative?