News - January, 2009
CPI increase for Bass Strait islands’ electricity tariffs
The price of electricity for customers on King and Flinders Islands will increase by 1.46 per cent from 1 January 2010, equivalent to the rise in the Consumer Price Index.
Hydro Tasmania announces CEO departure
Hydro Tasmania Chairman Dr David Crean today announced that CEO Vince Hawksworth will leave the business in May next year to take on a new role as CEO of TrustPower NZ.
West Coast celebrates opening of Upper Lake Margaret Power Scheme
The $14.7 million Upper Lake Margaret Power Scheme was officially opened today by Premier David Bartlett.
Strong performance results in profit turnaround
Hydro Tasmania recorded an operational profit of $38 million for 2008/09, a turnaround of almost $100 million from the previous year.
Early completion of Momentum Energy purchase
Australia’s leading renewable energy business Hydro Tasmania has completed its purchase of Momentum Energy.
Closure of Lake Pedder Chalet
As announced in April, the Lake Pedder Chalet at Strathgordon will be closed to the public from 1 July 2009.
Catagunya Dam 38 million dollar upgrade underway
Hydro Tasmania is using world-leading innovative technology on the $38 million upgrade of the Catagunya Dam in the Derwent Valley.
Auditor-General’s report welcomed
Hydro Tasmania has welcomed the Auditor-General’s finding that it had appropriately managed its currency and interest rate hedges around the Basslink project.
Hydro Tasmania welcomes COAG renewable energy target
Hydro Tasmania has welcomed the Council of Australian Governments’ endorsement of the final design and commitment to implementing the 20 per cent renewable energy target by 2020.
Cloud seeding program details released
Hydro Tasmania has announced details of its 2009 cloud seeding program.
The season will begin on 28 April and continue until 31 October.