Former Snowy Hydro CEO Paul Broad says the Labor government is “dreaming” if they think Australia will reach an 80 per cent share of renewable energy by 2030.
“Closing Liddell was bad enough, they can’t close Eraring and they can’t
close Vales Point,” Mr Broad told Sky News Business Editor Ross Greenwood.
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‘You can’t close Eraring’: Former Snowy Hydro CEOThe Snowy Hydro 2.0 project is facing another two-year delay, which is a massive blow to Australia’s energy security and its aspirational emission targets. “We need more gas, what happens is you can’t close Eraring … closing Liddell was bad enough, can’t close Eraring and they can’t close Vales Point, they need to stay in much longer,” said Former Snowy Hydro CEO Paul Broad. “They are dreaming if they think they can have 80 per cent renewables by 2030.”
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‘Riddled with major setbacks’: Snowy Hydro 2.0 ‘could be’ delayed another two yearsSky News Political Reporter Olivia Caisley says the Snowy Hydro 2.0 project “could be” delayed by another two years after being “riddled with major setbacks”. Ms Caisley said the Snowy Hydro project also faced “delays and cost blowouts” with there being “difficulties with sourcing material due to the lingering effects of the COVID pandemic”. “Paul Broad, who was the former boss of the Snowy Hydro scheme, quit last August after repeated disagreements with Chris Bowen,” she said.
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Snowy Hydro 2.0 project faces further two years of delaysJust three months into the role, Snowy Hydro's new boss admits the pumped-hydro battery project is facing up to another two years of delays.
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‘Bad news’ as Snowy Hydro 2.0 project delayed by two yearsSky News Political Editor Andrew Clennell says there’s been “bad news” on the energy front with the government revealing that the Snowy Hydro 2.0 project will be two years late. Mr Clennell said it could even have an earliest start date of December 2029. “The New South Wales Premier Chris Minns reacted to this morning and again raised the prospect of his government funding the continued operation of the private Eraring power plant after its planned closure in 2025,” Mr Clennell said.
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Snowy Hydro 2.0 project hit by delay of up to two years and another cost blowoutGovernment-owned company pushes earliest start date of pumped hydro project to the second half of 2028
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Snowy Hydro’s delays mean govt needs a ‘more hard-headed assessment’ than everThe postponed start date of the Snowy Hydro project means the government needs a “more hard-headed assessment” than ever, says Grattan Institute Energy Policy Director Tony Wood. “Are we facing issues or not, and then making assessments based on that,” he told Sky News Australia. “There are a number of things that could be done, but working out what’s the best requires a much more hard-headed assessment than we’ve seen before. “Because clearly we were working in a world which we had credible optimism about the budget and the timeline for this project.”
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