Regina, SK – The NDP says it has a figure as to how much money was lost because of penalties, repairs and operating costs on the Saskparty’s carbon capture experiment in 2015.
Cathy Sproule had a chance to ask questions to minister responsible Bill Boyd during a committee meeting at the Legislature on Tuesday where it was revealed Saskatchewan taxpayers and Saskpower customers are on the hook for at least 17 million in repairs, 13 million dollars in operating costs and a 7 million dollar penalty to Cenovus oil.
Sproule says those numbers are very concerning as is the fact the project is still not working properly and it does not have a working business case or financial model that will deliver a return for Saskatchewan people.
Sproule also discovered Tuesday that the November overhaul and re-launch of the carbon capture facility at Boundary Dam 3 didn’t go as planned. It had to be shut down again because of new problems in December.
SaskPower CEO Mike Marsh said Tuesday he expects outages every month with the plant.
The government says the numbers are not new ones and the seven million dollars in penalties is offset by the fact SaskPower was paid 9 million in revenues from the sale of CO2 to Cenovus so Saskpower is actually up two million dollars.