Snowy Hydro welcomes the ANAO’s findings that the Company’s governance of the project is effective, with no recommendations raised.
Specifically, the audit concluded that Snowy Hydro has appropriate arrangements in place to govern, monitor and report on the project; including in relation to managing the Engineering, Procurement & Construction contract with our principal contractor Future Generation JV.
From the outset, Snowy Hydro established tailored governance arrangements to oversee the development and implementation of this critical energy infrastructure project.
It is pleasing that the effectiveness of these arrangements have been independently assessed by the ANAO, with no material exceptions identified.
To read the full ANAO report please click here.