Published: 27 November 2022
In an illuminating answer on November 10th to my Question on Notice, Resources Minister Barnett gave a fresh insight into Hydro Tasmania.
Without Marinus, Battery of the Nation (BotN) projects proposed by Hydro won’t proceed leaving Hydro struggling to maintain its “existing and ageing assets”, Minister Barnett revealed.
The glory days of the first wave of hydro industrialisation are over.
It’s been 30 years since the last hydro power station was built, yet Hydro still owes $720 million and is finding it more difficult to hang onto funds needed to look after its ageing assets, in part due to the point-blank refusal by successive governments to find other sources of revenue, instead using Hydro as a convenient ATM.
Read more ...