Snowy Hydro chief executive tells inquiry he’s known owner of NSW gas plant site for 40 years

Paul Broad tells Senate hearing he has known Hunter Valley developer since university so deliberately excluded' himself from negotiations

The chief executive of Snowy Hydro, Paul Broad, has known the part-owner of the Kurri Kurri site, where a new taxpayer-funded gas plant will be developed, for 40 years but says he recused himself from negotiations about the land.

Broad told a Senate estimates hearing on Tuesday evening he had known Hunter Valley property developer Jeff McCloy since they were at university together.