Monday, May 21, 2012

Port Hawkesbury Update; Lawsuit & Power Agreement


Amec Americas Ltd. of Dartmouth is suing NewPage Port Hawkesbury Corp. and Nova Scotia Power Inc. for $1,522,490.72 it alleges it is owed for unpaid design, engineering and construction management work on a controversial $208-million biomass project.

Under a proposed arrangement with Nova Scotia Power, the mill will pay for all incremental costs associated with the mill being on the NSP system, and contribute to the utility’s fixed costs.
The private utility would also take a stake in the mill and be paid for electricity via dividends.
Marc Dube, the mill’s proposed restructuring manager said that 315 people will be hired for the mill, including some who will carry out capital improvements at the mill.