Paul Broad, in his first extended interview since leaving the high-profile job, said Labor’s energy transition plan time frame “beggars belief”.
Paul Broad says he was effectively “dead” as Snowy Hydro chief executive as soon as Chris Bowen was named energy minister after years of simmering tensions boiled over when Labor insisted the Commonwealth-owned electricity generatorIn his first in-depth interview since his abrupt departure from Snowy last August, Mr Broad accused Mr Bowen of using Labor senators to target him at Senate hearings for two years and said that meant it was “just a matter of time” before he would exit after the...
But Mr Broad, in the interview, defended his record, and said he had increased Snowy’s enterprise value by almost five times in his 10 years at the helm – from about $4.5 billion in 2013 to more than $20 billion. She added the government looked forward “to continuing a constructive relationship with this important [government business enterprise]” and that Mr Bowen and Finance Minister Katy Gallagher had asked it to deliver a business case for the Kurri Kurri generator to run on green hydrogen.
He noted the enormous scale of the investment in transmission, and the firming capacity that would be required to reach the government’s 2030 emissions targets, and said coal power plants such aswould inevitably have to be kept running past their planned closure dates to keep power secure and affordable.
after a nine-metre-deep hole developed in the ground above. Extra work is taking place to stabilise the ground before tunnelling resumes.
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