Nova Scotia economy benefits from the Maritime Link energy works project connecting Nova Scotia with Newfoundland are forecasted to be high. Three hundred new jobs a year are anticipated, with First Nations companies also set to reap rewards from the project.
Emera Inc., an energy services company based in Nova Scotia, and the Mi’kmaq community have signed an agreement that guarantees significant involvement of aboriginal peoples in the development of the Maritime Link. The project is a 500-megawatt, high-voltage direct current (HVdc) transmission initiative that will bring energy from the Lower Churchill project at Muskrat Falls to Nova Scotia.
It will include two 170-kilometre subsea cables across the Cabot Strait, with almost 50 kilometres of overland transmission in Nova Scotia, and close to another 300 kilometres of overland transmission in Newfoundland.
The agreement allows for Mi’kmaq leaders to monitor environmental issues while the construction of the subsea cable is underway. It also details an increase in workforce capacity for Mi’kmaq communities and includes a provision for equitable access of the First Nations people to contracts on the project.
In addition to Nova Scotia economy benefits, the energy works will enable additional renewable energy impact through providing firm hydro support. Headquartered in Halifax, Emera Inc. has $9.84 billion in assets and had revenues of $2.97 billion in 2014. The company invests in power projects covering electricity generation, transmission and distribution. It also implements projects in gas transmission and utility energy services.
Several Mi’kmaq companies have already been contracted to work on the approximately $1.6 billion energy project.