Snowy Hydro appoints new CEO

Snowy Hydro has appointed Dennis Barnes chief executive officer and managing director, effective Feb. 1, 2023.Previously, Barnes was CEO of Contact Energy, guiding the company through a period of significant change, including the separation from Australian majority shareholder Origin Energy and the completion of a NZ$2 billion (US$1.3 billion) investment program encompassing renewable generation and enterprise-wide systems. He currently serves as a non-executive director of Tilt Renewables and Mercury NZ.Snowy Hydro Chairman David Knox said the board was delighted to appoint Barnes to the role and is confident "he will continue to strengthen Snowy Hydro's position as a leading integrated energy generator and retailer. We are thrilled to appoint someone of Dennis' calibre and extensive energy sector experience to lead Snowy Hydro into the future. His appointment brings a wealth of strategic knowledge and proven capability in delivering strong performance across large energy businesses at an exciting time for Snowy Hydro."Barnes also held several senior executive roles at Origin Energy, including general manager, energy risk management and general manager, generation operations."I am excited about the prospect of working with the excellent team at Snowy Hydro, a truly iconic Australian business, at a complex and important time for our entire sector. I am also particularly looking forward to building strong connections with our stakeholders and the communities we serve and operate in, as we address the major issues our sector must focus on," Barnes said.Snowy Hydro is an integrated energy business that has been providing energy to Australia for over 70 years, beginning in 1949 with the construction of the Snowy Mountains Hydro-electric Scheme. In total, the company has 16 power stations, plus a pumping station, with than 5,500 MW of generating capacity across New South Wales, Victoria and South Australia.In 2019, Snowy Hydro commenced construction of the Snowy 2.0 project . This pumped-hydro expansion of the Snowy Scheme will link two existing dams, Tantangara and Talbingo, through a 27-km-long underground tunnel and a new underground power station. Many emerging market and developing economies are missing out on clean energy investment as the high cost of capital for new projects is deterring developers, p… Iberdrola announces it has closed 2023 with a renewable capacity of 42,175 MW, after adding 3,250 MW of new capacity, as reported to the National Securities Mar… The Bureau of Reclamation has released a draft Supplemental Environmental Impact Statement (SEIS) that analyzes varying the timing of water released from Glen C… The Philippine Competition Commission (PCC) has cleared Fresh River Lakes Corporation's proposed acquisition of the 165 MW Casecnan Hydroelectric Power Plant …

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