{"id":4007,"date":"2012-09-27T14:31:03","date_gmt":"2012-09-27T18:31:03","guid":{"rendered":"https:\/\/fondationrivieres.org\/?p=4007"},"modified":"2023-04-10T09:38:59","modified_gmt":"2023-04-10T13:38:59","slug":"centrale-hydroelectrique-val-jalbert-previsions-budgetaires-fausses","status":"publish","type":"post","link":"https:\/\/fondationrivieres.org\/en\/centrale-hydroelectrique-val-jalbert-previsions-budgetaires-fausses\/","title":{"rendered":"Hydroelectric power station in Val-Jalbert: The budget forecasts presented are false"},"content":{"rendered":"<p><!--:fr--><\/p>\n<p><span style=\"font-size: revert; color: initial; font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen-Sans, Ubuntu, Cantarell, 'Helvetica Neue', sans-serif;\">The budgetary forecasts submitted by the Soci\u00e9t\u00e9 de l&#039;\u00e9nergie sociale du Lac Saint-Jean (SECLSJ) and their accounting firm are completely inaccurate with regard to revenue forecasts beyond the first 20 years, denounces the Rivi\u00e8res Foundation.<\/span><\/p>\n<div class=\"page\" title=\"Page 1\">\n<div class=\"section\">\n<div class=\"layoutArea\">\n<div class=\"column\">\n<p>This indication, which was also mentioned in the Rivi\u00e8res Foundation&#039;s brief, was confirmed on Wednesday evening, September 26, by another promoter of small power plants as part of a BAPE information session in Saint-Joachim near Quebec. The promoter, the Hydro-Canyon Company represented by engineer Simon Gourdeau of the Axor engineering office, declared the following rules of the game regarding the contracts signed by Hydro-Qu\u00e9bec:<\/p>\n<ul>\n<li>The duration of the contract is 20 years and the budget forecasts must be based on this duration (the SECLSJ based its data on 25 years);<\/li>\n<li>The purchase price of electricity by Hydro-Qu\u00e9bec beyond 20 years is unknown (the SECLSJ has provided an automatically indexed price for the following 20 years);<\/li>\n<li>This price, which will be established by Hydro-Qu\u00e9bec, could be lower given that the infrastructure is already paid for and the price of electricity on the market;<\/li>\n<li>Several contracts expired 20 years ago are currently in such a negotiation process;<\/li>\n<li>It could even happen that a developer closes the power plant if the price offered by Hydro-Qu\u00e9bec is too low and the power plant does not achieve the desired profitability.<\/li>\n<\/ul>\n<p>We remind you that the SECLSJ mentioned to the population profits based on a period of 25 years with a price automatically indexed after the 20th year. These premises are false. Why did the SECLSJ knowingly transmit this false information in collaboration with its accounting firm?<\/p>\n<p>The SECLSJ also uses undiscounted 2009 estimates. However, updated data shows much lower real benefits. For example, in the tenth year, the benefits would only be 231,501 $ (equivalent to 8.42 $ per citizen per year) and not 414,583 $. Over 20 years, profits thus fall from 30 to 13 M$. This failure to present revenues in present value (in dollars of today&#039;s value) falsely promises significant profits.<\/p>\n<p>The Rivi\u00e8res Foundation therefore expressly asks the MRC and the city of Chambord to make public a new estimate of the cost of the work and to correct the profitability forecasts according to the exact conditions of the agreement with Hydro-Qu\u00e9bec. Social acceptability can only be achieved with accurate and complete information.<\/p>\n<p><a href=\"https:\/\/veloroutedesbleuets.com\/fiches\/village-historique-de-val-jalbert\/\" target=\"_blank\" rel=\"noopener\"><em>Photo: V\u00e9loroute des bleuets<\/em><\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>The budgetary forecasts submitted by the Soci\u00e9t\u00e9 de l&#039;\u00e9nergie sociale du Lac Saint-Jean (SECLSJ) and their accounting firm are completely inaccurate with regard to revenue forecasts beyond the first 20 years, denounces the Rivi\u00e8res Foundation.<\/p>","protected":false},"author":1,"featured_media":53204,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_members_access_role":[],"_members_access_error":""},"categories":[5],"tags":[47,56,57,74,206,190],"class_list":["post-4007","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-communiques","tag-energie","tag-hydro-quebec","tag-hydroelectricite","tag-petit_barrage","tag-riviere-ouiatchouan","tag-val-jalbert"],"_links":{"self":[{"href":"https:\/\/fondationrivieres.org\/en\/wp-json\/wp\/v2\/posts\/4007","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/fondationrivieres.org\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/fondationrivieres.org\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/fondationrivieres.org\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/fondationrivieres.org\/en\/wp-json\/wp\/v2\/comments?post=4007"}],"version-history":[{"count":0,"href":"https:\/\/fondationrivieres.org\/en\/wp-json\/wp\/v2\/posts\/4007\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/fondationrivieres.org\/en\/wp-json\/wp\/v2\/media\/53204"}],"wp:attachment":[{"href":"https:\/\/fondationrivieres.org\/en\/wp-json\/wp\/v2\/media?parent=4007"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/fondationrivieres.org\/en\/wp-json\/wp\/v2\/categories?post=4007"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/fondationrivieres.org\/en\/wp-json\/wp\/v2\/tags?post=4007"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}