SMH
·general
·1 hour ago
Snowy Hydro bracing for 10-fold cost blowout
Snowy Hydro 2.0 faces a potential tenfold cost blowout, with the mega project now estimated at roughly $22 billion compared to the original $2 billion 2017 announcement. The renewable energy storage facility is seven years behind schedule but remains two-thirds complete. Chief executive Dennis Barnes attributed escalating costs to the project's complexity, citing unforeseen engineering challenges in remote Kosciuszko National.
Summary by Glance · SMH
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