Business Chief APAC+ANZ Magazine February 2016 | Page 46

SNOWY HYDRO LIMITED

Snowy Hydro Limited has a long and proud heritage as an Australian company . Growing from early beginnings as an electricity generator into a leading end-to-end energy provider , Snowy Hydro captures the essence of the innovative Aussie spirit .

“ Snowy Hydro was dreamed about back in the 1880s when they were trying to move water from the east of Australia to the very dry west . As a result , the inception of a massive hydropower system that has the capacity of generating 600 megawatts ( MWs ) was developed ,” said Managing Director and CEO , Paul Broad .
“ Electricity generation was in the beginning a way to pay to move the water . But now , the scheme can generate 4100 MW of renewable electricity and Snowy Hydro has grown to be the leading provider of peak electricity in the NEM ,” Broad said .
Completed in 1974 , the Snowy Scheme is one of the biggest engineering and construction projects undertaken in Australia , taking over 25 years to complete
Tumut 3 Power Station , SHL
with more than 100,000 people from over 30 countries working on the project . Today , its construction is an important symbol of Australia ’ s identity as an independent , multicultural and resourceful country .
In 2014 , Snowy Hydro began to emerge as a major player in the energy retail sector with almost one million retail account holders .
46 February 2016