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Original News Release

 

 


   BACKGROUNDER   

2008EMPR0013-000313

March 5, 2008

Ministry of Energy, Mines and Petroleum Resources

     

 

SUMMARY OF COST ESTIMATE COMPARISON

 


Item

Mill Creek (TRAHVOL)

 BC Hydro

Power Engs.

    PDC

     B & V

Soil Sampling

Included

     $45

Included

Included

       $60

                                              Materials and Equipment

Cable & Accessories

 $5,104

  $9,000

 $9,073

 $9,270

$11,274

Splices

    $200

     $240

    $468

 $1,380

Included

Terminations

    $396

     $840

    $135

  Included

Included

Steel Pipe & Accessories

    $960

  $1,500

 $2,056

 $2,430

  $1,713

Insulating Fluid

    $480

     $300

   $594

    $880

Included

Pumping Plants

    $500

  $2,000

 $1,300

 $1,200

Included

Temperature Monitoring &  Communication

      $30

     $100

    $315

    $360

     $384

Cathodic Protection

      $50

     $200

      $77

    $100

      $268

Sub Total :                   $7,720            $14,225                $14,018             $15,620             $13,699

                                                                Construction

Mobilization

     $75

Included

     $174

   $100

    $200

HDD

$4,800

$6,600

$12,844

*$3,800 -$7,600

 $8,482

Welding & Mech. Systems

   $770

$2,035

  $3,581

Included

Included

Manholes

   $200

  $600

     $195

Included

    $576

Cable System Installation

$1,220

$3000

  $2,230

$1,060

 $3,967

Instrumentation, Commissioning

Included

Included

     $560

   $130

    $582

Engineering

Included

$1,893

     $668

$1,900

 $2,515

Freight, Taxes

$1,610

Included

Included

Included

 $1,279

Properties

0

     $470

0

0

0

Contingency

Included

  $5,500

Included

  $4,520

  $6,100

 

 

 

 

 

 

Total Direct Costs (2008 $s)

$16,395

$34,323

$34,270

$27,130 - $30,930

$37,400

Estimate Range

Unspecified

+50/-20%

 

+20/-20%

+20/-20%

+20/-20%

Completion Timeline

8 months

25 months

22 months

27 months

22 months

* Estimated Range by PDC - Contractor’s bids could be 100 per cent higher depending on competitive conditions, estimated risk, equipment availability

 

 

Of note are the potentially significant costs that are not included in the above estimates. They include:

 

These costs cannot be ignored in any detailed estimate and would be in addition to the direct costs in the planning level estimates.

 

-30-

 


     

Media

contact:

Jake Jacobs

Ministry of Energy, Mines and Petroleum Resources

250 952-0628

250 213-6934 (cell)

 

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