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Snowy Hydro Limited history
Snowy Hydro Limited company history timeline
As a result of their work, on 7 July 1949, the Commonwealth Parliament passed legislation to establish a Statutory Authority and start construction of the Snowy Scheme.
In 1960, ‘Snocom’ was Australia’s first transistorised computer and one of the first dozen or so computers in the world.
Safety practices on the Scheme were well ahead of comparable projects around the world at that time. For example, the Snowy Mountains Hydro-electric Authority made wearing of seatbelts compulsory in all vehicles in 1960, a decade before the rest of the country.
Work on the Scheme was finished in 1974 with a total cost of $820 million dollars.
Heritage Office & Dept of Urban Affairs & Planning 1996, Regional Histories of NSW, Sydney.
In 1997, the New South Wales Government and the State Electricity Commission of Victoria established a new company, Snowy Hydro Trading Pty Ltd (SHTPL). Its purpose was to trade electricity generated by the Snowy Scheme in the National Electricity Market.
The Snowy Mountains Hydro-electric Authority was corporatised in 2002, merging the Authority and SHTPL to form Snowy Hydro Limited.
Powerhouse MuseumTelephone +61 (02) 9217 0111500 Harris Street, Ultimo, NSW, 2007, Australiainfo@phm.gov.au
Written by Stephen Thompson Migration Heritage Centre September 2011
In May 2017, Snowy 2.0 was announced: the next chapter in our history.
In 2017, a comprehensive Feasibility Study estimated project capital costs to be between $3.8 billion and $4.5 billion in real terms.
In March 2018, the Australian Government reached agreement with the NSW and Victorian Governments to take full ownership of Snowy Hydro Limited.
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Snowy Hydro Limited may also be known as or be related to Snowy Hydro, Snowy Hydro Limited and Snowy Hydro Ltd.