Snowy Hydro is preparing for a significant increase in the projected cost of Australia’s Snowy 2.0 renewable energy project, with reporting indicating the final cost could be more than 10 times the original budget. Multiple outlets say the project is now about two-thirds complete, but it is running well behind schedule. The delays cited are substantial, with the work described as roughly seven years behind the original timeline. Despite the cost escalation and schedule slippage, the federal government remains committed to the project. The articles frame the latest warning as part of ongoing planning and risk management around delivery of the upgraded scheme, which involves major power and infrastructure works. Across sources, the key points are consistent: the project’s progress relative to completion, the magnitude of expected cost growth, and the scale of the schedule overrun, alongside the continued government support.
Snowy Hydro warns of more than 10-fold cost blowout amid major delays
Snowy Hydro is preparing for a significant increase in the projected cost of Australia’s Snowy 2.0 renewable energy project, with reporting indicating the final cost could be more than 10 times the or...
- Snowy 2.0 is described as being about two-thirds complete.
- Projected costs are expected to rise to more than 10 times the original budget.
- The project is reported to be around seven years behind schedule.
- The federal government says it remains committed to the project.
The federal government remains committed to the renewable energy project, which is now two-thirds complete, more than 10 times over budget, and seven years behind schedule.
3 months agoThe federal government remains committed to the renewable energy project, which is now two-thirds complete, more than 10 times over budget, and seven years behind schedule.
3 months agoThe federal government remains committed to the renewable energy project, which is now two-thirds complete, more than 10 times over budget, and seven years behind schedule.
3 months ago
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