Snowy Hydro boss Paul Broad resigns


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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