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Snowy Hydro sale would reap billions

The estimated value of the NSW government’s stake in the Snowy Hydro-electricity Scheme has tripled to more than $3 billion.

Michaela WhitbournLegal Affairs and Investigations reporter

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The estimated value of the NSW government’s stake in the Snowy Hydro-electricity Scheme has tripled to more than $3 billion.

A report by NSW Auditor-General Peter Achterstraat revealed the market value of the state’s 58 per cent share in Snowy Hydro was $3.3 billion as at June 30.

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Michaela Whitbourn is a legal affairs reporter at The Sydney Morning Herald. Connect with Michaela on Twitter.

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    Original URL: https://www.afr.com/politics/federal/snowy-hydro-sale-would-reap-billions-20121101-j1jaz