Securing Hydro for the future

Tasmania’s energy fleet is being safeguarded for the next ten years with Hydro Tasmania releasing its 10-year $1.6 billion vision to modernise its hydropower network.

The increased investment secures Hydro’s position as a Tasmanian powerhouse that drives jobs creation
and economic growth into the future. 

Minister for Energy and Renewables, Nick Duigan, welcomed Hydro’s announcement that would prepare the state for a new era of hydropower.

“The Tasmanian Hydro had been cornerstone of Tasmania’s economic growth over the past century,” Minister Duigan said.

“With Tasmanian energy consumption predicted to continue to grow, we can’t afford to reduce our hydro generator fleet. We need it well maintained, while being safe and reliable to ensure our state has the energy it requires into the future.

“That is why this announcement to invest in the backbone of the state’s energy generation is important. This 10-year investment will ensure that Tasmanian’s Hydro generation continues to drive the state’s economy and jobs into the future.

“The significant investment will build on the important construction at Tarraleah and Cethana with further upgrades to be undertaken at 10 power stations and 5 dams.

“This long-term vision acknowledges the years of engineering and logistical planning required to deliver this scale of works."

Under the Tasmanian Government’s Tasmanian First Energy Guarantee Policy - announced in the 2030 Strong Plan for Tasmania’s Future, we have already rewritten Hydro Tasmania’s charter and returned Hydro to its foundational principles: putting Tasmanian prices and Tasmanian jobs first.

“This 10-year plan will ensure that Hydro’s focus is firmly on supporting the lowest possible power prices for Tasmanians, while also producing low-cost renewable energy for Tasmanians, supporting the Tasmanian economy and jobs,” Minister Duigan said.