Episode
Nukik Corporation's Anne-Raphaëlle Audouin: Connecting Nunavut to the Continental Grid
- Published
- Mar 26, 2026
- Duration seconds
- 2145
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- https://rss.com/podcasts/drumbeats/2660306
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Summary
In April 2025, the Premiers of Manitoba and Nunavut signed a joint declaration to create a strategic energy and economic corridor between the two jurisdictions. Manitoba repatriated expiring hydro export contracts to the US and carved out 50 megawatts specifically for the Kivalliq Hydro-Fibre Link. As Anne-Raphaëlle Audouin, CEO of Nukik Corporation, explains in this episode: until that moment, the project had a concept but no product to flow through the transmission line. That declaration changed everything. In Part 2 of this two-episode conversation, Anne-Raphaëlle takes Mark Magnacca and Rob Brant inside the project itself - its full specification, its commercial architecture, and the one remaining obstacle between concept and construction. The Kivalliq Hydro-Fibre Link is a 1,200-kilometre dual-use transmission and fibre optic asset running from Churchill in northern Manitoba to five of the Kivalliq region's seven communities. Its anchor customer is Agnico Eagle Mines which Anne-Raphaelle describes as the largest Canadian gold miner and the second-largest gold miner in the world with two operating mines in the region for close to 20 years. Mining represents 75% of Nunavut's GDP. That anchor customer's long-term energy requirements are the bankable revenue that makes private capital participation viable. In this second episode, Mark Magnacca, Rob Brant and Anne-Raphaëlle cover: ◦ Why the April 2025 joint declaration was the project's defining commercial turning point, triggering MISO certification, the transmission service request to Manitoba Hydro, and commercial agreements with Qulliq Energy Corporation. ◦ The capital structure: Canada Infrastructure Bank leading the financial workstream, senior debt market sounding currently under way, and why the federal backsto…