Friday, 09 March 2018

Game-changing energy project Snowy Hydro 2.0 has been declared “critical” for the energy security and reliability needs of NSW.

Minister for Planning and Housing, Anthony Roberts, said Snowy Hydro 2.0 and the related transmission infrastructure upgrades were essential for the future security of our energy system, the economy and the environment.

The declaration making it State Significant comes after the Federal Government agreed to buy the stakes held by NSW and Victoria for $6 billion, with NSW to receive more than $4.1 billion to be spent in rural and regional NSW.

“An expanded Snowy Hydroelectric scheme will add around 2000 megawatts of clean power to our grid and further diversify and strengthen the state’s energy mix,” Mr Roberts said.

“Unlike other energy projects, Snowy 2.0 will have the potential to use excess renewable energy and dispatch electricity to meet demand in peak periods.

“This will be crucial to the ongoing energy security of NSW and would significantly boost the dispatchable energy capacity of the National Electricity Market as a whole.

Critical state significant infrastructure applications are still subject to detailed community consultation and a full and thorough environmental assessment in accordance with NSW Government policies and standards.

Minister for Energy and Utilities, Don Harwin, said NSW was already more energy resilient than other states and could be a leader in helping the national energy grid deal with high usage.

“Snowy 2.0 would only strengthen the state’s position and address energy concerns over predicted closure of coal fired power stations in NSW over the next five to 15 years.”

Media: Norm Lipson 0429 081 428