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Researched by Industrial Info Resources (Sugar Land, Texas)--Canada's economy has slowed slightly from its rapid pace earlier in the year, but its outlook remains generally positive, save some concerns about the possible renegotiation of the North American Free Trade Agreement, according to Canadian Business. Industrial Info is tracking $42.5 billion worth of projects under construction in Eastern Canada, roughly 85% of which can be found in the Industrial Manufacturing, Power Generation and Oil & Gas Production industries.
The Eastern Canadian region includes the provinces of Ontario, Quebec and the Atlantic provinces of New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador.
Most of the total investment value (TIV) for the projects in Eastern Canada's Industrial Manufacturing Industry that are under construction are attributed to transportation-related plans, particularly for light-rail commuter lines. One project alone accounts for more than half of the TIV for rail projects: Metrolinx's (Toronto, Ontario) $5.3 billion extension of the Eglinton Crosstown Light Rail Transit Line in Toronto, Ontraio. The 19-kilometer stretch will feature 25 stations and stops, and will link to 54 bus routes and three subway stations and various GO Transit Lines, and include a 10-kilometer underground portion. It is expected to open in 2021. For more information, see Industrial Info's project report.
Under construction in Canada's capital city of Ottawa is the $2.13 billion Confederation Light Rail Transit System. The 12-kilometer line will include a 3.2-kilometer tunnel in the downtown area and at least 13 stations. It is expected to open in the late spring of 2018. For more information, see Industrial Info's project report.
In response to shuttered coal-fired power plants and nuclear plants that are currently offline, TransCanada Corporation (NYSE:TRP) (Calgary, Alberta) is building the $1.2 billion Napanee Generating Center in Napanee, Ontario. The natural gas-fired, combined-cycle (NGCC) plant will use two combustion turbines and a steam turbine to generate 900 megawatts (MW). For more information, see Industrial Info's project report.
But two of the highest-valued projects under construction in Eastern Canada have faced a series of delays and are now mired in controversy. The first is Ontario Power Generation Incorporated's (OPG) $4.2 billion refurbishment of Unit 2 at the Darlington Nuclear Power Station in Bowmanville, Ontario. The project would replace fuel channels, pressure tubes and feeder pipes and refurbish fuel-handling systems and steam and turbine generators. For more information, see Industrial Info's project report.
A recent report from Canada's Global News uncovered documents that allege the project's owner told contractors to ignore potential risks and enter artificially low cost estimates; among them is a May 2014 report prepared by auditors Burns & McDonnell-Modus in which OPG believed there was a "high likelihood" contaminated soil would be found at the site. Officials in Ontario are calling on the province's auditor general to investigate, according to Global News.
The other high-value project under construction, Nalcor Energy's (St. John's) Muskrat Falls Hydro Station in Churchill Falls, Newfoundland and Labrador, is under scrutiny from the provincial government for its ballooning costs. The 836-MW station would feature four hydro turbine generator sets, each with a capacity of 209 MW. But the Newfoundland and Labrador government recently announced it will launch an investigation after a recent report put full costs for the project at a minimum C$12.5 billion (US$10 billion) , when a 2013 study from the Nova Scotia government pegged it at $7.4 billion (US$6 billion). For more information, see Industrial Info's project report.
The 2013 report also said the project would be generating energy by the end of 2017, but the more recent report does not expect the plant to open its doors until 2020 at the earliest, according to The Canadian Press.
Offshore, first oil is expected before the end of the year at Exxon Mobil Corporation's (NYSE:XOM) (Irving, Texas) $6 billion-plus Hebron Offshore Crude Oil Production Platform in the Labrador Sea. The platform, which was installed on location during the summer and is in its final phases of commissioning, is expected to produce 150,000 barrels per day (BBL/d) of crude oil, with a possible future expansion to 180,000 BBL/d. It is led by ExxonMobil and includes Suncor Energy (NYSE:SU) (Calgary, Alberta), Statoil ASA (NYSE:STO) (Stavanger, Norway) and Nalcor Energy (St. John's, Newfoundland and Labrador). For more information, see Industrial Info's project reports on Hebron's topsides, gravity-based structure and subsea development.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
The Eastern Canadian region includes the provinces of Ontario, Quebec and the Atlantic provinces of New Brunswick, Nova Scotia, Prince Edward Island, and Newfoundland and Labrador.
Most of the total investment value (TIV) for the projects in Eastern Canada's Industrial Manufacturing Industry that are under construction are attributed to transportation-related plans, particularly for light-rail commuter lines. One project alone accounts for more than half of the TIV for rail projects: Metrolinx's (Toronto, Ontario) $5.3 billion extension of the Eglinton Crosstown Light Rail Transit Line in Toronto, Ontraio. The 19-kilometer stretch will feature 25 stations and stops, and will link to 54 bus routes and three subway stations and various GO Transit Lines, and include a 10-kilometer underground portion. It is expected to open in 2021. For more information, see Industrial Info's project report.
Under construction in Canada's capital city of Ottawa is the $2.13 billion Confederation Light Rail Transit System. The 12-kilometer line will include a 3.2-kilometer tunnel in the downtown area and at least 13 stations. It is expected to open in the late spring of 2018. For more information, see Industrial Info's project report.
In response to shuttered coal-fired power plants and nuclear plants that are currently offline, TransCanada Corporation (NYSE:TRP) (Calgary, Alberta) is building the $1.2 billion Napanee Generating Center in Napanee, Ontario. The natural gas-fired, combined-cycle (NGCC) plant will use two combustion turbines and a steam turbine to generate 900 megawatts (MW). For more information, see Industrial Info's project report.
But two of the highest-valued projects under construction in Eastern Canada have faced a series of delays and are now mired in controversy. The first is Ontario Power Generation Incorporated's (OPG) $4.2 billion refurbishment of Unit 2 at the Darlington Nuclear Power Station in Bowmanville, Ontario. The project would replace fuel channels, pressure tubes and feeder pipes and refurbish fuel-handling systems and steam and turbine generators. For more information, see Industrial Info's project report.
A recent report from Canada's Global News uncovered documents that allege the project's owner told contractors to ignore potential risks and enter artificially low cost estimates; among them is a May 2014 report prepared by auditors Burns & McDonnell-Modus in which OPG believed there was a "high likelihood" contaminated soil would be found at the site. Officials in Ontario are calling on the province's auditor general to investigate, according to Global News.
The other high-value project under construction, Nalcor Energy's (St. John's) Muskrat Falls Hydro Station in Churchill Falls, Newfoundland and Labrador, is under scrutiny from the provincial government for its ballooning costs. The 836-MW station would feature four hydro turbine generator sets, each with a capacity of 209 MW. But the Newfoundland and Labrador government recently announced it will launch an investigation after a recent report put full costs for the project at a minimum C$12.5 billion (US$10 billion) , when a 2013 study from the Nova Scotia government pegged it at $7.4 billion (US$6 billion). For more information, see Industrial Info's project report.
The 2013 report also said the project would be generating energy by the end of 2017, but the more recent report does not expect the plant to open its doors until 2020 at the earliest, according to The Canadian Press.
Offshore, first oil is expected before the end of the year at Exxon Mobil Corporation's (NYSE:XOM) (Irving, Texas) $6 billion-plus Hebron Offshore Crude Oil Production Platform in the Labrador Sea. The platform, which was installed on location during the summer and is in its final phases of commissioning, is expected to produce 150,000 barrels per day (BBL/d) of crude oil, with a possible future expansion to 180,000 BBL/d. It is led by ExxonMobil and includes Suncor Energy (NYSE:SU) (Calgary, Alberta), Statoil ASA (NYSE:STO) (Stavanger, Norway) and Nalcor Energy (St. John's, Newfoundland and Labrador). For more information, see Industrial Info's project reports on Hebron's topsides, gravity-based structure and subsea development.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, six offices in North America and 12 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. Follow IIR on: Facebook - Twitter - LinkedIn. For more information on our coverage, send inquiries to info@industrialinfo.com or visit us online at http://www.industrialinfo.com/.
