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 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”.
