Knox appointed new chairman of Snowy Hydro board of directors

Multiple news agencies are reporting that David Knox has been appointed chairman of Snowy Hydro, Australia’s largest renewable energy company.

Knox is managing director and chief executive officer of Australian Naval Infrastructure, a “nation-building commitment by the government of Australia” that “sees the establishment of state-of-the-art infrastructure for the domestic manufacture of world class naval vessels.”

He previously also was managing director and CEO of Santos Limited and worked for BP, ARCO and Shell.

Federal finance and energy ministers are reported as saying Knox will “bring valuable experience” to Snowy Hydro.

Former Chairman Noel Cornish is leaving Snowy Hydro later this month. He was appointed to this position in August 2012.

Snowy Hydro constructed and operates the 4,100-MW Snowy Mountains Hydro-electric Scheme. This scheme was completed in 1974 and consists of 16 major dams, seven power stations, two pumping stations, and 225 km of tunnels, pipelines and aqueducts. The company also owns gas and diesel-fired peaking generators.

The company is advancing the 2-GW Snowy 2.0 project, a pumped-storage hydro expansion of the existing Snowy Scheme that is expected to cost $4.5 billion to develop. The project will provide 175 hours of storage for the National Electricity Market, enough to ensure the stability and reliability of the system during prolonged weather events, such as wind or solar “droughts,” Snowy Hydro says.

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