SMH
·australia
·1 hour ago
‘Extreme’ risk of yet more cost, construction blowouts at Snowy 2.0
Auditors reported on October 3 that the $12 billion Snowy 2.0 project faces further cost and timeline blowouts due to management failures. Energy Minister Chris Bowen emphasized the need for transparency, saying, 'It must be done right.' The project, crucial for renewable energy storage, has already seen its costs escalate from an initial estimate of $2 billion.
Summary by Glance · SMH
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