Snowy Hydro 2.0 has blown out to 12 times its original cost – but the CEO says it ‘could have been worse’
New projections by the Snowy Hydro company show tunnelling work is now 65% finished, but the completion date has been pushed back to 2029Get our breaking news email, free app...
By Tom McIlroy Political editor · The Guardian World
New projections by the Snowy Hydro company show tunnelling work is now 65% finished, but the completion date has been pushed back to 2029 Get our breaking news email , free app or daily news podcast The cost of Snowy Hydro 2.0 has blown out to as much as $25bn, with a major reassessment finding the long-delayed renewable energy project will not be completed until the end of the decade. First touted by the Turnbull government in 2017 with a price tag of $2bn , the cost of the project in the Kosciuszko national park has increased dramatically over time. In 2023 it was revised to almost $13bn, with construction due to completed by the end of 2028. Continue reading...