The Treasurer has told Parliament that Hydro Tasmania will not be expected to return a dividend to government for the next three years.
Hydro’s dam levels are down to 12.8% and Minister Groom is nowhere near meeting the targets set out in his Energy Supply Plan.
According to the Government’s Energy Supply Plan, 100MW of diesel generation were to be installed and operational by the end of March.
We have not seen much of Minister Groom lately on the energy crisis.
The latest figures from Hydro are that up to 50% of Tasmania’s power is now coming from Victorian coal-fired power stations.
The announcement today of two new women appointed to the Board of the Motor Accidents Insurance Board (MAIB) is a welcome step forward.
Hydro Tasmania’s crash in revenue this financial year can be laid squarely at the feet of the state and federal governments.
Recent poor decisions made in the state’s energy sector will cost an estimated staggering $700 million over the next six years.
Tasmania should not be further penalised by the Commonwealth should the State Liberals uphold their public commitments to not sell off assets.