Emera said that the $1.6-billion Maritime Link, being built as part of the Muskrat Falls hydroelectric project, is on time and on budget, reports The Canadian Press.
President and CEO Rick Janega said about 300 people are working on the subsea cable to connect the island of Newfoundland to Nova Scotia. The 170-kilometre cable is also on schedule to be in service in October 2017, he added.
The project, at its peak, will create up to 600 direct jobs, according to Janega.
The joint project between Nalcor and Emera would bring power from Muskrat Falls to the island of Newfoundland and on to Nova Scotia.The total cost estimate for the hydro project stands at close to $8.6 billion including Emera’s share of the cable.
