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Snowy CEO blasts ‘flawed’ NSW energy plan

Angela Macdonald-Smith
Angela Macdonald-SmithSenior resources writer

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Snowy Hydro boss Paul Broad has slammed the NSW energy infrastructure plan as “fundamentally flawed”, saying it risks building in extra costs for consumers, but has backed the federal government in pushing for a large new gas-fired power plant in the Hunter Valley.

In his first public comments on the NSW road map developed under Energy Minister Matt Kean, Mr Broad said he was worried it would drive “sub-economic” investments that will be passed to consumers and render the nation uncompetitive later this decade.

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Angela Macdonald-Smith writes on the resources industry with a focus on energy, including gas, oil, electricity and renewables. Connect with Angela on Twitter. Email Angela at amacdonald-smith@afr.com

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    Original URL: https://www.afr.com/companies/energy/snowy-ceo-blasts-flawed-nsw-energy-plan-20210202-p56ynm