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Snowy Hydro welcomes planning approval for Snowy 2.0 Exploratory Works

11/02/2019
Snowy Hydro welcomes the New South Wales Government’s planning approval for Snowy 2.0 Exploratory Works today. The decision, which follows a rigorous environmental and planning assessment process, is another significant milestone in progressing the project. Snowy Hydro hopes to commence work for Snowy 2.0 soon, subject to Shareholder approval from the Federal Government. Snowy Hydro […]

Snowy Hydro appoints preferred tenderers for Snowy 2.0

18/01/2019
Snowy Hydro has appointed Australian and global experts in construction, engineering and hydropower as preferred tenderers for the Snowy 2.0 project, following extensive competitive tender processes over the last 18 months. The preferred tenderer for the civil works is Future Generation, a partnership between Australian construction and engineering company, Clough, and global hydropower and tunnelling […]

Snowy 2.0 approved by the Board

12/12/2018
Today, the independent Board of Snowy Hydro Limited approved a final investment decision to proceed with Snowy 2.0, subject to Shareholder approval. Snowy 2.0 is a pumped-hydro expansion of the existing Snowy Scheme, providing 2000 megawatts (MW) of on-demand generation and 350,000MW hours of large-scale energy storage. After almost two years of rigorous due diligence […]

Snowy Hydro’s retailers give unconditional discounts to their standing offer customers

30/11/2018
Snowy Hydro’s energy retailers Red Energy and Lumo Energy will offer all their electricity customers on standing offers an automatic and unconditional discount of 10% commencing January 1, 2019. The discount will apply unconditionally and will provide customers in Victoria, South Australia, New South Wales and Queensland savings on their electricity bills of between $195 […]

Snowy Hydro is summer ready

30/11/2018
Snowy Hydro is in a good position to meet the energy needs of our customers this summer.  The Snowy Scheme has experienced some good water inflows over recent months, with decent rain topping up our water storages. Snowy Hydro’s CEO, Paul Broad said that for more than 65 years the company had successfully managed the Scheme through […]

Snowy Hydro signs game-changing deals

01/11/2018
Snowy Hydro announced the signing of eight wind and solar contracts today to provide cheaper energy to 500,000 households. The eight projects, totalling 888 megawatts (MW), are located across New South Wales and Victoria and are expected to generate about 2.8 terawatt hours of energy annually. The new renewable energy generation, ‘firmed’ by existing Snowy […]

Snowy 2.0 Exploratory Works EIS released

25/07/2018
An Environmental Impact Statement (EIS) for Snowy Hydro’s proposed Snowy 2.0 Exploratory Works has been released for a 28-day public exhibition period. Snowy Hydro is seeking approval to proceed with a program of Exploratory Works to gain a greater understanding of the underground geological conditions at the likely location of the proposed Snowy 2.0 underground […]

Sharing Snowy Stories

19/03/2018
As Snowy Hydro embarks on an expansion of the Snowy Scheme a unique digital storybook project is underway to capture the voices and experiences of ten former workers. Snowy Hydro and Woden Community Service have partnered on the project which sees former workers who are all in their 80s and 90s share their stories of […]

Snowy 2.0 Declared Critical State Significant Infrastructure

09/03/2018
Snowy Hydro welcomes the New South Wales Government’s decision to declare Snowy 2.0 as a Critical State Significant Infrastructure (CSSI) project. The declaration signifies the critical role that the Snowy 2.0 project, together with the upgrades to the NSW transmission network, will play in providing reliable energy and large-scale storage to NSW as we transition […]

Share Sale: Business as usual at Snowy Hydro

02/03/2018
Today the Prime Minister, Malcolm Turnbull confirmed that the Federal Government will become the sole shareholder of Snowy Hydro Limited after purchasing the New South Wales and Victorian Government’s shares in the company. This is simply a change in the ownership of the shares in the company and for Snowy Hydro it’s very much business […]

Independent expert report for Snowy 2.0 released

30/01/2018
As part of the feasibility study for the Snowy 2.0 project, an independent expert economic analysis of the changing energy market was commissioned and has now been released. The report, conducted by Marsden Jacob Associates (MJA), considered the state of the market “with or without” Snowy 2.0.  This information and analysis was critical for factoring […]

Good business makes good business: The Case for Snowy 2.0

10/01/2018
The National Electricity Market (NEM) has long been an outstanding example of Australia’s microeconomic reform. It brought much needed competition to an industry once dominated by inefficient, state-run enterprises. Snowy Hydro has been at the heart of this market, with volatility being the key driver of value for our business. Our unique portfolio of fast […]