Comment by tills13
1 year ago
No, I know the plant will pay for its usage. But to me, the net benefit of the dam is effectively zeroed out from the onset. The province was barely able to carry the project through to completion in the first place. Now we gotta start the process over again with a new government and people on both sides are upset at the completion.
Likely, we'll simply build a bunch of LNG facilities which kind of defeats the purpose of the dam in the first place.
The LNG facility will presumably produce some jobs, and bring in a lot of taxes (from exporting large quantities of natgas overseas.) So, the dam is basically an investment for the state, which will pay dividends for decades to come. That’s on top of what the plant will pay for electricity, which, presumably, in itself is enough to, over time, pay off the investment and then some.