Since the Northvolt project in Quebec was recently announced, we have not yet studied its impact. However, we have taken steps to begin this study by requesting information from the Department of Industry and the Department of Finance.
However, when the project was announced, we were pleasantly surprised to see that the Government of Quebec had adopted our methodology for estimating the fiscal impact of its investment. The fact that they used our methodology reassures us of the soundness of the approach advocated in our report. The Department of Industry also used this approach for the Northvolt project.
The Government of Quebec therefore used our approach to estimate that the payback period for this project would be between 9 and 13 years, depending on the start date considered. We'll probably look at that when we get the data from the Department of Industry.