The Nova Scotia Utility and Review Board (UARB) gave its conditional approval to the Maritime Link Project, a subsea electric transmission project proposed by Emera Inc. The undersea cable would transmit electric power between Nova Scotia and Newfoundland and Labrador.
Approval of the transmission project is contingent upon market-priced energy being sourced from Nalcor Energy, a Crown corporation serving the government of Newfoundland and Labrador, or some other arrangement that ensures access to such energy.
The UARB approval is one of two regulatory processes that the Maritime Link undertook in 2013. The Environmental Assessment release was received on June 21, 2013.
The Maritime Link Project is a proposed 500 MW high voltage direct current (HVDC) transmission line between Nova Scotia and Newfoundland and Labrador. The project will include two 111-mile subsea cables across the Cabot Strait, with about 31 miles of overland transmission in Nova Scotia and close to another 186 miles of overland transmission on the island of Newfoundland.
Emera Inc. is an energy and services company with $7.53 billion in assets and 2012 revenues of $2.1 billion. The company invests in electricity generation, transmission and distribution, as well as gas transmission and utility energy services.