News

2015: Year of Delivery for Snowy Hydro

March 17th, 2015

What a year 2014 ended up being with the purchase of Colongra Power Station, the largest gas-fired generation plant in NSW, right on Christmas Eve.  This is a fantastic addition to our company, and as a peaking plant, is an excellent fit with Snowy Hydro’s asset portfolio.  Snowy Hydro now owns and controls 1,287 megawatts (MW) of gas-fired peaking power stations. This acquisition, along with our recent purchase of Lumo, is a significant step forward in achieving our vision of being the ‘fourth pillar’ in the National Electricity Market. We have been in the market for a gas fired power

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Snowy Hydro takes ownership of Colongra Power Station

January 30th, 2015

Snowy Hydro’s purchase of the largest gas-fired power station in NSW, the Colongra Power Station, for $234 million, has been completed today. The purchase of Colongra from the NSW Government complements Snowy Hydro’s acquisition of Infratil’s Australian Energy Market Assets, including the retailer Lumo, in September of last year. Snowy Hydro now owns and controls 1,287MW of gas-fired peaking power stations with Valley Power and Laverton North in Victoria and Colongra in NSW. These fast-response, open-cycle gas plants are a perfect addition to Snowy Hydro’s portfolio of hydro-electric assets. Together they provide fuel diversification and transmission risk reduction benefits, in

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Snowy Hydro water smartphone app coming soon…

January 12th, 2015

Snowy Hydro is currently developing a free smartphone app that will provide another way of communicating information about lake levels and water releases to the general public. With the ever increasing use of mobile technology and its benefits to users, we have been investigating and testing this technology internally for some time and are now in the development stage of a public app called SnowyLIVE. Snowy Hydro provides a range of public information about the Scheme including lake levels, water releases and general tourism information, and feel that making this information available through the SnowyLIVE mobile phone app will result

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Snowy Hydro acquires Colongra Power Station

December 29th, 2014

Snowy Hydro has expanded its presence in the National Electricity Market today with the $234 million acquisition of the largest gas-fired generation plant in NSW, Delta Electricity’s Colongra Power Station. The purchase of the 667MW peaking plant complements Snowy Hydro’s acquisition of Infratil’s Australian Energy Market Assets, including the retailer Lumo, in September of this year. The Colongra plant will deliver fuel diversification and transmission risk reduction benefits and, through its addition to the existing Snowy Hydro generation assets in NSW, enable Snowy Hydro to deliver a superior total customer offering in NSW. Snowy Hydro CEO Paul Broad said, “Snowy

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Thank you for your feedback

December 8th, 2014

Snowy Hydro would like to thank the communities of the Snowy Mountains for participating in our 5th biennial Community Feedback project. With the aim of continuing to improve our company communications and to strengthen our partnerships with our local communities, it is essential that we get honest and direct feedback from across the community. We wanted to know what you think regarding our community communications, our community partnership program, our relationships across the local region and your understanding of our business; how it operates and what it needs to prosper in a very competitive industry. Independent specialists undertook this process

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Spiritual connection to 2014 Flushing Flows

December 6th, 2014

This year’s Snowy River Flushing Flows had special significance with the NSW Office of Water initiating the Snowy cultural water project. As it has in Spring of previous years, a schedule of five flushing flow releases from Jindabyne Dam down the Snowy River was set by the NSW Office of Water. For the first time, each event was named in recognition of the Aboriginal people of the Snowy Mountains. On October 14, when the largest of the flushing flows occurred, a ceremony was held in Jindabyne to highlight the significant spiritual and social connection of local Aboriginal communities to the

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Over 2,700 motorcyclists attend Snowy Ride 2014

November 28th, 2014

When the Snowy Mountains welcomes thousands of motorcyclists in November each year for the Snowy Ride, it can be easy to forget what the event is all about – raising money for children’s cancer research.  There is another aspect of Snowy Ride that goes on behind the scenes and behind the 2700+ riders who made the annual pilgrimage to the mountains this year – that is the Snowy Hydro Family Weekend Program. The Snowy Hydro Family Program brings families with a child who is suffering from cancer to the Snowy Mountains for the Snowy Ride weekend. This gives families who

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Celebrating 65 years of the Snowy Scheme

November 24th, 2014

Snowy Hydro recently celebrated 65 years since the start of construction of the Snowy Mountains Scheme.    Over four days in October, former workers and family gathered for various activities to celebrate the occasion. People originally came from all over the world to construct power stations, dams, pipelines, tunnels and aqueducts that are all still in use today. Over the weekend, bus tours visited key areas around the mountains including Guthega, Cabramurra, Khancoban, Talbingo and Happy Jacks, where former workers got to revisit the sites and also get an update on the Scheme modernisation activities happening across the assets. Audiences

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Goodbye winter – Hello summer: the forecast ahead…

November 23rd, 2014

Winter has come to a close for another year in the Snowy Mountains. The snow season this past winter was slow to start but a series of cold fronts towards the end of June quickly delivered over a metre of snow to the mountains. The maximum snow depth recorded at Snowy Hydro’s Spencers Creek snow course (1830m elevation) was 168.5 cm on July 24. This was lower than the maximum last year when a top of 185.9 cm was recorded on August 26. Both years were below the long-term (1954-2013) average maximum snow depth of 202.5 cm. Even though maximum

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Lumo Energy acquisition helps Snowy Hydro reach major milestone

November 21st, 2014

In September, Snowy Hydro achieved a major milestone in our proud and successful history, becoming the fourth pillar in the National Electricity Market with the goal of securing our long term future. In a deal worth $605 million, Snowy Hydro has acquired Infratil’s Australian Energy Market Assets. This purchase includes energy retailer Lumo Energy, utility connection service company Direct Connect and 163MW of peaking generation assets in South Australia and NSW. Lumo, like our existing Red Energy business, is a very successful energy retailer with an enviable record in product development and customer service. They have achieved strong growth over

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