By 1959 BRINCO had set up a subsidiary, Southern Newfoundland Power and Development Corporation, to carry out the project.

However, the subsidiary was unable to attract industrial customers to the area; this, it felt, was necessary before undertaking the project, so in 1964 it sold all its rights and assets to the Newfoundland Government.

Generating unit 2 underwent a major refurbishment during the summer of 2010, including a stator rewind, rotor pole re-insulation and protection upgrade.

[4] The headwaters of the Bay d'Espoir system begin at Victoria Lake at an approximate elevation of 320 metres.

Water is collected, stored and diverted from a number of drainage areas between Victoria Lake and Long Pond, the forebay for the two Bay d'Espoir generating stations.