NWT's Energy Sector
The Northwest Territories Hydro Corporation
NTPC went through corporate restructuring in 2007-08 and a new parent company was formed, the Northwest Territories Hydro Corporation (NT Hydro). The new company was created to facilitate the development of hydro on an unregulated basis, while protecting the GNWT’s investment in NTPC.
Restructuring also occurred in two former subsidiaries of NTPC, the Northwest Territories Energy Corporation (03) Ltd. (NTEC 03) and the Sahdae Energy Ltd. (Sahdae). Formerly subsidiaries of NTPC, these companies are now sister companies of NTPC and are subsidiaries of NT Hydro.
NTEC (03) has two operations: the development of hydroelectric business opportunities outside of the regulated utility business and investment in the Deze Energy Corporation. The Deze Energy Corporation is pursuing a hydroelectric project that will provide hydro electricity to the diamond mines. Sahdae’s sole function is to pursue a hydro development project on the Great Bear River to provide power to the potential Mackenzie Valley Pipeline project.
These companies will potentially allow the north to expand its economic activities in a way that is environmentally sustainable, while providing businesses with reliable electricity that is sheltered from the volatility of today’s fuel costs. A win-win situation for the NWT!
Click the link below to see the Corporate structure of NT Hydro.