Annual Report 2023/24

In 2023/24, Powerlink continued to enable the energy transformation to deliver Queensland's targets of reaching 50 per cent renewables by 2030, 70 per cent renewables by 2032 and 80 per cent by 2035.

This year’s highlights included

• Queensland reached a new record electricity maximum demand of 11,005 megawatts (MW) on 22 January 2024. Despite record-breaking temperatures over summer, our network continued operating safely and performed well in extreme conditions.
• Powerlink supported development of Queensland’s Renewable Energy Zone (REZ) Roadmap.
• At the end of 2023/24, 8,425MW of renewable generation and storage projects were committed and completed in Queensland – 41 projects in total for the State.
• Powerlink established a Major Projects Division to oversee multi-billion-dollar network investment projects.
• The Queensland Government approved a $1.3 billion delivery launch package in October 2023 to continue the development of the CopperString 2032 project.
• The Energy (Renewable Transformation and Jobs) Act 2024 (Qld) was passed in April 2024, supporting the next steps in delivering the Queensland Energy and Jobs Plan (QEJP).
• Powerlink hosted its annual Transmission Network Forum in November 2023 with record attendance of more than 450 participants, both in-person and online.
• Powerlink identified final corridors for Stage 1 of the Supergrid developments outlined in the QEJP, from Halys (near Kingaroy) to Woolooga (near Gympie). This project will also serve to connect the proposed Borumba Pumped Hydro Project.
• In 2023/24, we refined our leading measurement of Health, Safety and Environment (HSE) performance and implemented proactive, risk-focused HSE tools to ensure our controls and incident response meet the needs of our complex and changing work.
• LinkedIn recognised Powerlink as one of Australia’s top employers to work for, ranking us 18th in the top 25 organisations.
• Our fourth annual employee engagement survey resulted in our highest-ever overall engagement score of 80 per cent.
• We were granted early access to the Microsoft Copilot artificial intelligence (AI) platform, including Microsoft Copilot for Security.
• Powerlink’s Innovation Hub and Operational Technology Test and Development Centre opened in February 2024 to foster operational innovation.