Snowy Hydro 2.0 executives awarded bonuses totalling $751,925 despite cost blowout
Summary
Snowy Hydro executives received a combined $751,925 in bonuses for the 2025–26 financial year, while chief executive Dennis Barnes declined his incentive payment. The company’s Snowy Hydro 2.0 project is now expected to cost up to $25 billion and be fully commissioned in 2029. At CSIRO, chief executive Doug Hilton received a $198,517 performance payment as the agency cut more than 1,100 jobs over two years, according to a union.Key Facts
- Snowy Hydro chief financial officer Kim Josling received a $215,440 bonus.
- Chief operating officer Maia Schweizer received a $255,570 bonus.
- Chief commercial officer Gordon Wymer received a $280,915 bonus.
- Snowy Hydro said short-term incentives depend on performance outcomes across parts of its business.
- Snowy Hydro 2.0 was proposed in 2017 at an original cost of $2 billion and is now expected to cost as much as $25 billion.
- The project is not expected to be fully commissioned until 2029.
- CSIRO chief executive Doug Hilton received a $198,517 performance payment on top of his $789,391 base salary.
- The Community and Public Sector Union said more than 1,100 CSIRO jobs were cut in the last two years; the agency reported more than $27 million in separation and redundancy payments.
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