RENEWABLE ENERGY

NSW's stake in Snowy a matter of debate

A PUBLIC forum on the sale of the New South Wales Government's stake in Snowy Hydro has seen Fina...

This article is 18 years old. Images might not display.

Della Bosca attended the public forum last Thursday night in Cooma, situated in the Snowy Mountains region in the southern highlands of NSW.

More than 200 members of the public attended the forum to voice their opposition to the sale, questioning the NSW Government's ability to ensure the long-term security of environmental flows released from the dam into the region once the utility becomes an entirely private entity.

The finance minister told the forum that the public interest would be protected, regardless of the nationality of future owners, as the water flowing to and from the dam remained a public resource.

Speakers at the forum reiterated accusations that the NSW Government sale of Snowy Hydro was simply an attempt to balance the state's accounts with a quick cash injection, regardless of the impact on the environment and water security.

Della Bosca ended up agreeing to a parliamentary debate on the sale, prompting Greens infrastructure spokesperson Sheila Hale to suggest the minister had "caved in" to public pressure.

"When I moved to have the Parliament debate the sale in April, the Government used its numbers to stop the debate," Hale said.

"I am pleased that public pressure has changed the minister's mind. I look forward to the minister supporting a debate when I move a motion on the Snowy when Parliament resumes."

TOPICS:

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

A growing series of reports, each focused on a key discussion point for the energy sector, brought to you by the Energy News Bulletin Intelligence team.

editions

ENB CCS Report 2024

ENB’s CCS Report 2024 finds that CCS could be the much-needed magic bullet for Australia’s decarbonisation drive

editions

ENB Cost Report 2023

ENB’s latest Cost Report findings provide optimism as investments in oil and gas, as well as new energy rise.

editions

ENB Future of Energy Report 2023

ENB’s inaugural Future of Energy Report details the industry outlook on the medium-to-long-term future for the sector in the Asia Pacific region.

editions

ENB Cost Report 2021

This industry-wide report aims to understand current cost levels across the energy industry