Snowy Hydro boss Paul Broad resigns

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Paul Broad, the chief govt of Snowy Hydro, has resigned amid delays and value blow outs to its controversial Snowy Hydro 2.0 scheme.

“The Snowy Board will now begin a course of to establish new management. Roger Whitby, chief working officer, will lead the organisation on an interim foundation, with help from Paul to facilitate a easy transition,” the corporate stated in a press release this afternoon.

Snowy Hydro CEO Paul Broad

Snowy Hydro CEO Paul Broad Credit score:Renee Nowytarger

The $5 billion pumped hydro scheme might not be able to generate energy till as late as 2028, in response to studies on the newest delays to the undertaking.

A spokeswoman for Local weather Change minister Chris Bowen stated: “The Authorities values SnowyHydro and its important function in supporting a altering grid”.

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