11 December 06

Snowy Hydro Limited

Snowy Hydro Limited is proud to be a major sponsor of the Young Engineers National Summit and Australian Engineering Excellence Awards for 2006.

Our sponsorship and support of Engineers Australia and Young Engineers Australia has been consistent for almost a decade, over that time bringing rewards to both our respective organisations. The relationship between Snowy Hydro Limited and Engineers Australia has delivered opportunities to promote engineering and to support engineers throughout the industry. Perhaps the greatest synergy with Engineers Australia and through our sponsorship, is the encouragement, identification and rewarding of excellence and innovation, precisely what the Snowy Hydro culture is built on.

With Snowy Hydro Limited being the home of one of the greatest engineering feats ever undertaken in the world, our company is perfectly placed to provide a leading role with Engineers Australia to promote and encourage engineering into the future. Snowy Hydro Limited appreciates the challenges and risks to both our nation and economy; being a shortage of engineering skills and talent into the future, it’s a challenge that Snowy Hydro Limited and Engineers Australia will take on together.

Snowy Hydro Limited owns and operates the 3756 MW Snowy Mountains Scheme, the 300 MW Valley Power gas-fired power station, located in Victoria and Red Energy, an electricity retailer operating primarily in Victoria. In addition, Snowy Hydro Limited is currently constructing a 320 MW gas-fired power station in Laverton North, Victoria.

Snowy Hydro Limited is the National Electricity Market’s third largest generator by capacity and is a leading supplier of electricity price risk hedging contracts such as price caps and similar contracts to other retailers and generators in the National Electricity Market. We are mainland Australia’s largest renewable energy generator, accounting for more than 70% of renewable energy production in the mainland National Electricity Market.

With the mighty Snowy Mountains Scheme as a key component of the company, Snowy Hydro Limited has been able to grow into a very successful, market focused business. Snowy Hydro Limited has achieved an average annual increase in after-tax profit of 64%, since corporatisation in 2002, demonstrating our company’s emergence from the cocoon of public sector management to become demonstrably one of the highest performers in the National Electricity Market.

Recent major projects include the new spillway, outlet works and tunnel at Jindabyne Dam which provide the capability of greater environmental flows in the Snowy River, new technology control and communication systems and upgrading the largest hydro power station in Australasia. High reliability of the massive assets is achieved through proactive quality maintenance, refurbishment and replacement ensuring responsiveness to the volatile prices in the national electricity market.

Snowy Hydro Limited offers a range of challenging positions to technically gifted, people focussed engineers who have the ability to tap into the potential of our workforce and create innovative engineering solutions.

Through our range of both leadership and technical development programs, ranging from one-off skills workshops to coaching and mentoring, Snowy Hydro Limited has both the expertise and experience to realise the career aspirations of talented engineers.

Snowy Hydro Limited’s financial success is built by our staff and we recognise the commitment and dedication of not only our engineers but our entire staff from wide cross sections of disciplines throughout the company. Snowy Hydro Limited was awarded the National Human Resources Institute Award for Excellence in 2005, further demonstrating the culture of success our staff build and share in.

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