Frontrunner Snowy Hydro goes cool on Delta auction

Sarah Thompson, Anthony Macdonald and Jake Mitchell

Updated Nov 19, 2014 – 10.17am, first published at 6.23am

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The NSW government’s ambitions to steam ahead with another power sale after the $1.5 billion privatisation of Macquarie Generation have hit a major speed bump with frontrunner Snowy Hydro deciding to exit the process for Delta Coastal’s biggest plant.

Snowy has dropped out of the running for Delta’s coal-fired Vales Point generator after finding the economics of a deal didn’t stack up.