Thank you, Mr. Speaker. Industry is changing. Electrification will add new revenue streams to Northwest Territories Power Corporation as customers demand cleaner energy. The federal government and the GNWT have set targets to reduce greenhouse gas emissions, and the increased use of clean hydro, renewable energy for home heating and vehicle use will also assist the GNWT to meet these targets and maximize Northwest Territories Power Corporation hydro and renewable infrastructure investment. Northwest Territories Power Corporation is working with Indigenous governments and communities on ownership and investment opportunities. Community-owned renewable generation guidelines were developed as part of the energy strategy and have been adopted by the Northwest Territories Power Corporation. These partnerships reduce the dependence on diesel and provides new source of financing for required capital investments. The Power Corporation's strategy looks to leverage our partnership to maximize our ability to fund asset renewals with the lowest cost to customers. As well, the GNWT continues to advance the development of foundational infrastructure which will make the territories more appealing to future investment. Thank you, Mr. Speaker.
Diane Archie on Question 1238-19(2): Resource Development Projects
In the Legislative Assembly on October 27th, 2022. See this statement in context.
Question 1238-19(2): Resource Development Projects
Oral Questions
October 27th, 2022
Page 4871
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