No talks underway for sale of Muskrat Falls, says Dwight Ball

Premier Dwight Ball says there are no talks underway to sell all or part of the controversial Muskrat Falls Project, and admits there would be few takers even if there were.

"Our focus is about getting this project on track," he said.

With members of his inner circle assembled behind him,Ball addressed the media Thursday morning following a summer cabinet retreat at The Rooms in St. John's.

He addressed a litany of questions on a broad range of topics, including the province's dire fiscal situation, the upcoming fall budget, a massive aquaculture development in Placentia Bay, and even a Pikachu costume wearing critic who was refused entry into the news conference because he was not a "registered" member of the media.

But it was a Wednesdayinterview by select mediawithformer premier and Muskrat Falls champion Danny Williams Williams has repeatedly denied interview requests by CBC Newsthat set much of the tone.

Hydro-Quebec snooping around

Williams is concernedthat officials with Hydro-Quebec have visited the Muskrat Falls site in central Labrador, raising questions about whether talks may be underway to reach some type of dealin order to reduce costs to the province.

Ball dismissed that suggestion.

"There's no talks about Hydro-Quebec taking over Muskrat Falls. As a matter of fact, there's not a big lineup of people right now that would want to buy Muskrat Falls, given where it is," he said.

The cost to build and finance the hydroelectric project is now estimated at $11.4 billion, up from $7.4 billion when the project was sanctioned four years ago.

Ball said the No. 1 objective is to complete the project, and do whatever is possible within the next three to four years to reduce what are expected to be dramatic increases in utility costs for ratepayers in the province.

Hydro-Quebec isa one-third owner of the Upper Churchill Project in Labrador, and Ball said it's "not unusual" for senior officials to visit.

Nalcoralso released a statement this week on the matter, saying the meetings were held so newleadership at both Hydro-Quebec andNalcorcould get acquainted.

"The new teams gathered for a visit to the Churchill Fallsplant, and while therethey took in a tour of the Muskrat Falls site. Themeeting was arranged simply as a tour of the Churchill Fallsplant by the two business partners, andto provide an opportunity for the new teams to establish a working relationship," said Nalcor.

Nalcor's new CEO, Stan Marshall, stated recently he was considering all options in order to reduce costs and generate revenue, including talks with Hydro-Quebec, and an expanded loan guarantee from the federal government.

"We will focus on getting more value from the excess power by exploring new arrangements and longer term arrangements ... we will work with our existing business partners, Emera and Hydro-Quebec, in hopes of doing that," Marshall said in June.