Territory Stories

Statement of Corporate Intent 2022–2023, Territory Generation Power Generation Corporation (Trading as Territory Generation)

Details:

Title

Statement of Corporate Intent 2022–2023, Territory Generation Power Generation Corporation (Trading as Territory Generation)

Other title

Tabled paper 565

Collection

Tabled Papers for 14th Assembly 2020 -; Tabled Papers; ParliamentNT

Date

2022-07-26

Notes

Made available by the Legislative Assembly of the Northern Territory under Standing Order 240. Where copyright subsists with a third party it remains with the original owner and permission may be required to reuse the material.

Language

English

Subject

Tabled papers

Publisher name

Legislative Assembly of the Northern Territory

Place of publication

Darwin

File type

application/pdf

Use

Copyright

Copyright owner

Legislative Assembly of the Northern Territory

License

https://www.legislation.gov.au/Details/C2019C00042

Parent handle

https://hdl.handle.net/10070/874709

Citation address

https://hdl.handle.net/10070/874710

Page content

Page 3 of 18 2022-23 SCI The NTGs efforts to attract energy-intensive industries to Middle Arm in Darwin offer significant medium-term potential growth opportunities for the Corporation if these new loads are gridconnected. In Alice Springs, the Corporation has closed out most actions arising from the 13 October 2019 system black event and is working through the remaining items with the original equipment manufacturers. In Yulara and Kings Canyon, COVID-19 has significantly reduced tourism and hence demand on the power stations, with ongoing uncertainty surrounding the recovery timeline. Tennant Creek has not seen as marked link to COVID-19 impacts due to the lower representation of tourism ventures in the region, which have been the most impacted in Yulara and Kings Canyon. Reporting against Legislative Requirements Section 40 of the Government Owned Corporations Act 2001 (GOC Act) provides that the Statement of Corporate Intent (SCI) must specify, in respect of the financial year to which it relates and each of the two following financial years, the following information: 1. The objectives of the Corporation In accordance with the GOC Act, the Corporations objectives are to: operate at least as efficiently as any comparable business maximise the sustainable return to the Northern Territory Government on its investment in the Corporation. In addition to these two objectives, the Corporation has developed a set of Values and a Strategic Plan which includes its Vision, Purpose and Strategic Objectives. VISION To be the Northern Territorys trusted and respected energy services business. These words have been carefully chosen, and for us they mean: running our business safely is recognised as our highest priority we are known for being reliable, available and responsible we exceed the expectations of our stakeholders we are recognised for technical excellence for energy services in the Territory we are cost effective compared to other relevant players in the market we are an employer of choice. PURPOSE We safely, reliably, and efficiently provide: electricity on sustainable terms essential system services which facilitate system reliability and the adoption of renewable energy. We contribute to the provision of sustainable energy solutions for the Northern Territory as part of the transition to 50 per cent renewables by 2030 and net zero emissions by 2050.


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