However, the utility says some of its customers could experience short-term outages as the plant is brought online.
The utility's parent, Nalcor Energy, says these outages shouldn't last longer than 10 minutes.
Nalcor has also confirmed that it has secured contracts with two of its largest industrial customers: Corner Brook Pulp and Paper and mining giant Vale.
The contracts will allow Newfoundland and Labrador Hydro to call upon these customers to reduce power consumption when needed.
The utility has been working to improve its equipment since unusually cold weather in early January along with high winds and system malfunctions led to power outages across the island of Newfoundland, leaving 190,000 customers without power at one point.