Snowy Hydro is aware of the announcement regarding the financial status of Clough, the Snowy 2.0 Future Generation Joint Venture partner.
Snowy Hydro notes Clough’s earlier financial disclosure indicates financial issues with projects separate and unrelated to Snowy 2.0.
As work continues on Snowy 2.0, Snowy Hydro’s first priority is ensuring the wellbeing and continuity of Clough’s workers on the project.
Snowy Hydro welcomes the immediate funding provided by joint venture partner Webuild for the payment of wages to all Clough employees working on the Snowy 2.0 project.
We are working closely with the joint venture to ensure construction on the project progresses smoothly.
Resolving Clough’s future through the voluntary administration process will take some time and Snowy Hydro will support this process wherever possible.