The Tasmanian Government will not sell Hydro Tasmania under any circumstances.
It is too important an asset for the state’s future and any speculation on privatising the GBE is completely false.
I understand Hydro is conducting a strategic review of its Momentum Energy business, an energy retailer with customers outside Tasmania. The review includes a potential sale – this is a matter for Hydro Tasmania and it’s important to note the sale process would be subject to approval from the Government.
Hydro has stated publicly it is committed to Tasmanian jobs, and the security of those jobs would be a key condition of any such sale.
The restructure announced by Hydro last week is to better capitalise on opportunities presented by the transformation of the Australian energy sector and to maintain downward pressure on energy prices for customers.
Hydro has a bright future and will remain an important Tasmanian asset. It will not be sold under any circumstances.