The transmission line is situated between Nova Scotia and Newfoundland and Labrador, while the approval is subject to certain conditions, including an assurance that additional market-priced energy will be made available to Nova Scotians.
The line will feature two 180km subsea cables across the Cabot Strait, with about 50km of overland transmission in Nova Scotia and close to another 300km of overland transmission on the island of Newfoundland.
Emera president and CEO Chris Huskilson said the company is currently reviewing the decision and the conditions the board has attached to the approval.
"The conditions require further analysis and discussion and we will take the time required to do so. In the meantime we continue to refine final construction estimates and work continues on the Project," Huskilson added.
Huskilson also noted that after a rigorous regulatory process the board concluded that the Maritime Link is the lowest long-term cost energy solution for Nova Scotia customers, conditional upon market-priced energy being sourced from Nalcor or some other arrangement that ensures access to such energy.
