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The Guardian - AU

National

Adam Morton and Petra Stock

Snowy Hydro 2.0 is costing $25bn – 12 times more than its initial estimate. How did we get here?

Snowy Hydro Chris Bowen Tristan Edis Malcolm Turnbull Andrew Blakers Angus Taylor Paul Broad Coalition Electricity Emissions

A view of Talbingo reservoir, surrounded by forested hills under a cloudy sky — Talbingo reservoir. The expansion of the Snowy Hydro scheme aims to create what is effectively a national-scale, long-duration battery. Photograph: Snowy Hydro

The cost of the publicly owned Snowy 2.0 hydroelectricity project has blown out extraordinarily – to as much as $25bn. That’s more than 12 times the initial estimate when the development was first promised nearly a decade ago.

What happened?

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