News

Snowy Hydro briefs industry on Snowy 2.0

15/06/2017

Snowy Hydro Limited (SHL) held an industry briefing in Sydney today for a large group of representatives of leading construction and engineering firms on the Snowy 2.0 pumped hydro project.

The industry briefing was told that SHL’s feasibility study was in full swing, with plans in place for geotechnical tests to begin shortly. While it was still early days, the company felt optimistic about the viability of the project and all going well, construction could begin in 2018, subject to the outcomes of the feasibility study.

SHL CEO Paul Broad told the briefing that the Finkel Review’s recommendations of a new Clean Energy Target and Regional Security Obligation offered major opportunities for the Snowy 2.0 pumped hydro project.

Mr Broad said there would be a strong increase in the use of intermittent power in the market – wind and solar – that would require reliable and rapid back-up supply of renewable energy. Snowy 2.0 would help further strengthen the critical role that SHL currently plays in ensuring system security and reliability.

“We are already the largest and most reliable battery storage option for the National Electricity Market. With Snowy 2.0, we will be able to provide an extra 2,000 MW of new renewable capacity and provide increased energy security and stability. This will be crucial as Australia transitions to a low-emissions economy over the next 20 to 30 years,” Mr Broad said.

Mr Broad said the importance of the Snowy 2.0 project was apparent from the participation today by key representatives of leading global and local civil engineering, tunnelling and electrical experts.

“There was strong support for the project from the leading industry players who attended the briefing today, and who are keen to partner with us to deliver this exciting project.There has been nothing like this in Australia since Snowy was completed in the 1970s and we want the best people available to assist us,” Mr Broad said.

Snowy Hydro advised industry that it would be undertaking a three-stage process to procure two packages of services, with one covering civil works and the other electrical/mechanical works.
Expressions of Interest would be called for shortly, with selected suppliers to be shortlisted for an Early Contractor Consultation Phase by late July.

Snowy Hydro Media Enquiries:
Simon Troeth

0439 300 335

e: Simon.Troeth@newgatecomms.com.au

News

Snowy Hydro welcomes Finkel Review

09/06/2017

Snowy Hydro Limited welcomes the support of the Finkel Review of pumped hydro as a key to energy security as it focuses on recommendations aimed at strengthening reliability in the National Electricity Market.

Snowy Hydro CEO Paul Broad said the Snowy 2.0 project would play a key role in both ensuring security of supply and backing up the expected big increase in intermittent supplies – wind and power – in the market.

The report states on p33 that “Battery and pumped hydro storage will be able to support a reliable and secure NEM, as and when they are deployed at scale.”

Mr Broad said the Finkel Review had identified the need to guarantee back-up to any new intermittent power supply projects.

“Snowy 2.0 fulfils the objectives of the Finkel Review on energy security, in that it can uniquely provide the largest scale and affordable storage of renewable energy to support the reliable and secure power supply that is needed for Australia to move safely to a low emissions economy”, Mr Broad said.

“The Finkel review rightly points to the importance of pumped hydro as an essential back-up to intermittent wind and power to protect consumers and business, and ensure we don’t face the catastrophic supply failures that we have seen in South Australia.”

Snowy Hydro also supports market-based mechanisms to achieve the Government’s commitment to climate change targets, as well as stable and long term policy certainty. We will be actively engaging with relevant bodies to implement policies which best meet the energy trilemma of market efficiency, energy security and emission reductions.

Snowy Hydro Media Enquiries:

Simon Troeth

0439 300 335

e: Simon.Troeth@newgatecomms.com.au

www.snowyhydro.com.au

News

Snowy Hydro and SMEC reunite for Snowy 2.0

11/05/2017

Snowy Hydro Limited and the Snowy Mountains Engineering Corporation Australia (SMEC) will join forces once again, this time to carry out the feasibility study into the potential expansion of the Snowy Scheme’s pumped hydro storage capability.

Snowy Hydro and SMEC have a long association and worked together from the earliest days to develop the iconic 4,100 megawatt (MW) Snowy Mountains Hydro-Electric Scheme under the auspices of the Snowy Mountains Hydro-Electric Authority, established in 1949.

Selected through a tender competitive process which attracted interest from a field of world-class engineering firms, SMEC has now been appointed as the lead consultant engineer for the feasibility study into the first major expansion of the Scheme since construction days.

Snowy Hydro CEO Paul Broad said “SMEC was the obvious choice to partner with us on the study, given we share the same DNA. It really is a case of getting the band back together. The task now will be to bring together our best and brightest to revisit some of the visionary proposals developed over many years by the talented men and women who built the Scheme.”

The feasibility study will first review existing proposals to expand pumped hydro storage on the Snowy Scheme, many of which have existed since the 1960s. Under the most prospective proposal, up to 2,000 MW of hydro-electric energy could be added to the grid to act as rapid response back-up during periods of high demand and fill the gaps in energy supply caused by the growth in intermittent renewables and the exit of thermal baseload power.

The pumped hydro capability means the water utilised for electricity generation can be recycled to provide supply when it’s needed most, with no impact on the Scheme’s ability to continue to supply valuable water to irrigators in the food bowl of south-eastern Australia.

“This project has the potential to deliver one of the largest pumped hydro schemes in the world and underscores the importance of the Scheme’s existing role as the battery of the National Electricity Market.”

“While it has long been an Australian engineering icon, the importance of the Snowy Scheme’s role as the battery storage of the NEM will only become more critical as we move to a low carbon economy. The reliable, fast-start Scheme can help to responsibly manage the exit of baseload thermal power and the rise of intermittent renewables.

“As we move through the feasibility study phase, we will gain greater clarity around the technical and engineering requirements for the expansion as well as costs and timeframes for its construction”, Mr Broad said.

SMEC CEO Andy Goodwin said “Snowy Mountains are part of our namesake and the backbone of our heritage, so the chance to be involved in this project again is a unique ‘twice-in-a-lifetime’ opportunity, both for our organisation and those engineers who worked on the original scheme.

The Snowy 2.0 project will provide us with new design challenges from its predecessor and we’ve created a team of our most experienced specialists to deliver the feasibility stage.

We’re honoured to be part of the project and looking forward to resuming our presence within the Cooma community again.”

SMEC’s appointment will deliver significant benefits to the local Snowy Mountains community. As part of its commitment to this project, SMEC will reopen its previous offices in Cooma, which will see more than 30 staff permanently based in the town.