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Manitoba to Probe Hydro Projects After ‘Tragic’ Cost Overrun

  • Hydroelectric projects were ‘historic mistakes,’ premier says
  • Utility ccounts for 65% of Manitoba’s 2018-19 borrowing
Canada - Environment - Manitoba Hydro Dam

Photographer: Christopher Morris - Corbis via Getty Images

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Manitoba plans to probe the “tragic waste of money” at the Canadian province’s electricity utility, which has carried out C$14 billion ($11 billion) of projects in recent years, the premier said.

The government plans to commission a review of Manitoba Hydro projects, which are facing cost overruns and ballooning its debt, Brian Pallister said Thursday in an interview at Bloomberg’s New York office. The decision to reroute the Bipole III transmission line cost taxpayers almost C$1 billion and the plan to construct the Keeyask generating station was made without proper approval processes, he said.