BC Hydro says pandemic hits Site C project, expect delays, cost increases
VICTORIA — British Columbia’s massive Site C hydroelectric dam project has been hit hard by the COVID-19 pandemic and now faces construction delays and rising costs.
BC Hydro president Chris O’Riley says in a quarterly update submitted to the B.C. Utilities Commission that the pandemic has had a material impact on safety, cost and schedule for the project in northeast B.C.
Site C’s budget in April 2018 was estimated at $10.7 billion, including reserve and contingency funds amounting to about $1.5 billion for unexpected costs.
O’Riley’s update to the utilities commission does not estimate the extent of increased costs but says reserve funds are being accessed.