Snowy 2.0 is our nation’s most critical energy project. Designed to operate for 150 years, it represents a generational investment in Australia’s energy sovereignty.
Snowy 2.0 will have an equivalent energy storage of around 26 million home batteries, providing more than half of the total energy storage the grid needs by 2050.
Snowy Hydro agrees with four of the ANAO’s five recommendations, covering enhanced documentation, reporting traceability and performance measurement within the existing governance framework. We partially agree with the remaining recommendation relating to public reporting.
While the recommendations do not propose fundamental changes to Snowy 2.0’s underlying delivery model, governance structure or management approach, we are committed to continually testing and improving our delivery oversight.
The report acknowledges that improvements in these areas have already been completed or are underway. The ANAO’s guidance informs many of these initiatives.
Many matters discussed in the report reflect deliberate commercial positions taken by Snowy Hydro to exercise our contractual rights and hold our principal contractor accountable on behalf of the Australian taxpayer.
Snowy Hydro remains committed to strong governance and oversight of Future Generation Joint Venture’s delivery of Snowy 2.0.