Alberta’s main power utility company, TransAlta Corporation, has taken plans for a hydro electric dam on the Peace River off the table for the time being.
The proposed Dunvegan Dam was approved back in 2009 and was initially expected to be complete 2014.
TransAlta later delayed their completion date to 2023, and has now abandoned those plans altogether.
The company cites current economic conditions, substantial information requests from stakeholders, and a potentially long and costly hearing process as their reasons for pulling the plug.
TransAlta does say they hope to pursue the project in the future when building it “makes more sense”.
The Alberta Wilderness Association says the utility company should expect to have to re-apply for project approval with fully updated studies when that time comes.