Examples of Snowy Water Licence in a sentence
The Snowy Water Licence expires on the 75th anniversary of the Corporatisation date (June 2077) or if revoked earlier.
Recent amendments to the Snowy Water Licence were agreed to by SHL and are not expected to have an adverse financial impact on SHL.
It is not possible to estimate the amount of exposure at this time for the following situations:• Under the Snowy Compensation Deed, if any variation to, or revocation of, the Snowy Water Licence by the Water Administration Ministerial Corporation of NSW (which has not been agreed to by SHL) has an adverse financial impact on SHL, the company will receive that corresponding amount in compensation from NSW under a compensation deed.
The Snowy Scientific Committee, established by the Minister administering the NSW Corporatisation Act, is to advise the Ministerial Corporation each year on the regime for the release of water for environmental reasons under the Snowy Water Licence.
Among other things Schedule G replicates the provisions of Schedule Four to the Snowy Water Licence relating to the water available to the Snowy- Murray Development and water releases from that Development, including Snowy River Increased Flows.
Snowy Hydro’s water rights and obligations are granted and imposed under the Snowy Water Licence.
In accordance with those recommended variations, Snowy Hydro proposes the variations to Schedule 4 to the Snowy Water Licence set out in Annexure Ten be made by the Ministerial Corporation.
Under the Snowy Water Licence (which in this regard mirrors the SWIOID) the volume of Snowy Montane Rivers Increased Flows is capped at 150GWh of foregone electricity generation.
The compensation deed terminates on the expiry or revocation of the Snowy Water Licence.
It is not possible to estimate the amount of exposure at this time for the following situations: Under the Snowy Compensation Deed, if any variation to, or revocation of, the Snowy Water Licence by the Water Administration Ministerial Corporation of NSW (which has not been agreed to by SHL) has an adverse financial impact on SHL, the company will receive that corresponding amount in compensation from NSW under a compensation deed.