Snowy Hydro expansion CEO stands down

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Snowy Hydro expansion CEO stands down
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Snowy Hydro chief executive Paul Broad has resigned following revelations the project is $2.2 billion over budget.

Mr Broad’s sudden departure comes at the halfway point of construction, which is now 18 months behind schedule.

Future Generation – the main contractor of Snowy Hydro – is now in negotiations with the federal government over a revised budget and timeline.

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