The Territory Labor Government is establishing the Territory as a renewable energy powerhouse and the Middle Arm Precinct is a crucial element of this plan.
This week the Territory Government has signed a Memorandum of Understanding (MoU) with Larrakia Energy and Korea Midland Power Co. to work in co-operation to achieve the rapid, efficient and effective development of the Green Energy Project.
Larrakia Energy is a Northern Territory company owned and managed by Larrakia Development Corporation (LDC) and Western Australia based renewable energy company, Progressive Green Solutions Pty Ltd (PGS).
The Green Energy Project includes the scoping, construction and operation of a 300MW photovoltaic power plant (also known as a solar farm) on land in the Greater Darwin Area in close proximity to the Middle Arm Sustainable Development Precinct.
The two-year agreement strengthens local and international ties and formalises the relationship with the Territory to complement the proponent's own expertise in renewable energy, project development and financing.
The Middle Arm Precinct is a game changer for the Northern Territory and is set to create 20,000 local jobs and generate billions of dollars into our economy.
Quote attributable to Minister for Infrastructure, Planning and Logistics, Eva Lawler:
"By capitalising on every opportunity and creating strong relationships the Northern Territory has what it takes to be a thriving economy and reach our goal of a $40 billion economy by 2030.
"The Green Energy Project has the potential to create thousands of jobs and increase our sustainable energy production for countless years to come.
"Our focus on clean energy will drive us long into the future as we become leaders in the green energy sector".
Quote attributable to Chief Executive Officer of Larrakia Development Corporation, Nigel Browne:
"Today's MOU signing is an important step in achieving the government's vision for the Northern Territory's renewables future.
Through dedicated work being undertaken by Larrakia Energy, we are bringing together the resources and goodwill needed to lower emissions and care for Country, on Larrakia Country."
Northern Territory Government
