Energy lawyer, David Austin says taking into account the current 2010 estimate of 7.9 billion, and inflation until the year 2024 when Site C comes into commercial operation, the inflation rate alone will raise the cost to $9.4 billion.
“Just on using a higher inflation rate, it should be another billion to a billion and a half to the capital cost budget,” Austin said. “…In northern British Columbia, we know that the Rio Tinto Alcan smelter re-built went way over budget.”
The B.C. government is set to make a final decision on Site C by the end of the year.