NTPC issued a news release on October 11 announcing that it had signed a Memorandum of Understanding (MOU) with Osisko Metals that outlines the process of negotiating power connection from Pine Point to the Taltson hydroelectric grid and power purchase agreements.
This is great news as it begins to formalize the relationship between NTPC and Pine Point and may eventually lead to an agreement that would see the excess capacity from Taltson used by an industrial customer. As is made clear in our Strategic Plan, the addition of industrial/mining customers helps to reduce rate pressures for other customer classes. In addition, revenue from a new industrial customer on the Taltson system would help offset the cost of the upcoming refurbishment.
A full copy of the news release can be found here.