Snowy Hydro CEO in shock exit amid hit from crisis

Angela Macdonald-Smith and Mark Ludlow

Updated Aug 26, 2022 – 1.15pm, first published at 12.40pm

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Paul Broad has suddenly quit as chief executive of Snowy Hydro amid an escalation of tensions with Energy Minister Chris Bowen, most recently over Labor’s insistence that the new Kurri Kurri gas plant in NSW uses green hydrogen from day one.

The sudden departure of the veteran executive, 70, who has led the federal government-owned Snowy since 2013, comes in the middle of a costly expansion of the Snowy Mountains hydropower project, which is running late and over budget.

Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables.

Mark Ludlow writes on politics, energy and infrastructure based in Brisbane.