Hydro Tasmania has costed the state’s recent energy crisis at $180 million and says it will post a $90 million full year loss.
Appearing before a Parliamentary Committee, Hydro chairman Grant Every-Burns was the first Hydro executive put a figure on the cost of the crisis, which saw the state import diesel generators to literally keep the lights on.
Hydro shipped 100 diesel generators to Tasmania at the height of the crisis, with the state hit by the December outage to the Basslink cable along with record low levels in hydro generating dams.
“In my 45 years experience in the power industry as a power engineer, senior executive and board director, I have rarely seen a situation more difficult than that recently faced by Tasmania,” Every-Burns said.
“The root cause is a coincidence of the driest inflow sequence in 100 years, coupled with the rarity of the undersea cable failure that took months longer to repair than we had anticipated.”
Ironically the Basslink repair coincided with floods which rapidly raised dam levels from a record low of 12.8 percent in April to more than 27 percent.