Nalcor Energy

Nalcor Energy
Crown Corporation
Industry Energy
Founded St. John's, Newfoundland and Labrador (2007)
Headquarters St. John's, Newfoundland and Labrador, Canada
Key people

Stan Marshall (President & CEO)[1]

Brendan Paddick (Chair of the Board)[2]
Revenue $811,900,000 CAN [3]
Total assets $13,695,900,000 CAN [4]
Website http://www.nalcorenergy.com/

Nalcor Energy is a provincial energy corporation which is headquartered in St. John's, Newfoundland and Labrador. A provincial Crown corporation under the Government of Newfoundland and Labrador, Nalcor Energy was created in 2007 to manage the province's energy resources. There are five lines of business which include Newfoundland and Labrador Hydro, the Churchill Falls Generating Station, The Lower Churchill Project, Oil and Gas and The Bull Arm Fabrication Site.[5]

Hydro

Hydro is a Crown corporation and a subsidiary of Nalcor Energy, that generates and delivers electricity for Newfoundland and Labrador, Quebec, and the north-eastern areas of the United States. It also delivers voice and data services to customers in some areas.[6][7]

Hydro itself is the parent company of the Hydro Group of Companies, which comprises

The Upper Churchill Falls Generating Station

The Churchill Falls Generating Station is one of the largest underground powerhouses in the world. The plant has 11 turbines with a rated capacity of 5,428 megawatts.[8] Nalcor controls a 65.8% share of the Churchill Falls Labrador Corporation Limited, the owner of the Churchill Falls station while Quebec's government-owned utility, Hydro-Québec, owns the remaining shares.

Lower Churchill Project

The Lower Churchill Project is a planned project to develop the remaining 35 per cent of the Churchill River, that has not already been developed by the Upper Churchill Falls Generating Station. The Lower Churchill's two installations at Gull Island and Muskrat Falls will have a combined capacity of over 3,000 MW and can provide 16.7 Terawatt hours of electricity per year.[9][10]

Oil and Gas

Nalcor Energy's Oil and Gas division holds and manages oil and gas interests in the Newfoundland and Labrador onshore and offshore oil developments. The company is currently a partner in three offshore developments - the Hebron oil field, the White Rose Growth Project and the Hibernia Southern Extension.[11] A $20 million onshore drilling exploration program in Parsons Pond in western Newfoundland is also being operated by Nalcor - Oil and Gas.[12]

Bull Arm Fabrication

The Bull Arm Fabrication site was developed in the early 1990s and is Atlantic Canada's largest industrial fabrication site. The site is located 150 kilometers west of St. John's, Newfoundland and Labrador. The Hibernia oil field's gravity base structure was constructed at the site, as well work on the two Floating Production Storage and Offloading (FPSO) vessel's for the Terra Nova oil field and the White Rose oil field was done here.[13]

References

  1. ↑ http://www.vocm.com/newsarticle.asp?mn=2&id=62071&latest=1
  2. ↑ http://www.cbc.ca/beta/news/canada/newfoundland-labrador/nalcor-board-chair-brendan-paddick-1.3872703
  3. ↑ http://nalcorenergy.com/uploads/file/Nalcor%20Energy%202015%20Annual%20Report%20V2.pdf
  4. ↑ http://nalcorenergy.com/uploads/file/Nalcor%20Con%20Q3%202016%20-%20FINAL.pdf
  5. ↑ "Nalcor Energy Website". Retrieved 2009-10-05.
  6. ↑ NL Hydro press release regarding voice and data services 2009-11-05
  7. ↑ "Nalcor Energy Website - Hydro". Retrieved 2009-11-05.
  8. ↑ "Nalcor Energy Website - Churchill Falls". Retrieved 2009-10-05.
  9. ↑ "Nalcor Energy Website". Retrieved 2009-10-05.
  10. ↑ "Lower Churchill Project Website". Archived from the original on March 15, 2009. Retrieved 2009-10-05.
  11. ↑ "Nalcor Energy Website Oil and Gas". Retrieved 2009-10-05.
  12. ↑ "CBC - Nalcor to spend $20M on oil exploration". CBC News. 2009-08-07. Retrieved 2009-10-05.
  13. ↑ "Bull Arm Website". Retrieved 2009-10-05.
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