The Latest Breaking News from Dennis Barnes

Snowy 2.0 exit cost unknown despite price blowout

One of Australia's largest energy projects will need more government funding to reach completion, but the cost of giving up has not been calculated.

AAP · 3h ago

Snowy costs blow out but there's light at end of tunnel

Work will continue on Australia's largest renewable energy project despite more delays and a multibillion-dollar spike to its original $2.8 billion price tag.

AAP · Oct 22

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% complete but the completion date has been pushed back to 2029

The Guardian - AU · Oct 22

Snowy Hydro 2.0 project on track for end of 2028

The Snowy Hydro 2.0 project will deliver taxpayers their bang for buck despite the massive cost blowouts, a parliamentary committee has been told.

AAP · Oct 23, 2023

Snowy Hydro 2.0 eyes return to tunnelling after delays and cost blowouts

Chief executive says pumped hydro project remains ‘critical’ to energy transition away from fossil fuels

The Guardian - AU · Aug 31, 2023

Snowy Hydro 2.0 costs blowout confirmed to be almost $13bn

The revised estimate for the scheme is contingent on completion by end of 2028 and may rise further if delays persist

The Guardian - AU · Aug 31, 2023

$5.9bn and rising: Snowy 2.0 wrestles with delays and budget blowouts

Much is riding on its success – not least the decarbonisation of the electricity grid – but critics say an independent review is desperately needed

The Guardian - AU · Jun 17, 2023

Snowy Hydro looks to resume boring within weeks pending environmental approvals

Proposed changes include a slurry plant to help dig through soft rock, as National Parks Association says ‘enormous damage’ caused already

The Guardian - AU · Jun 11, 2023

$100m spent on underground mapping before tunnelling woes, Snowy Hydro boss admits

Following the revelation made by Dennis Barnes at a Senate estimates hearing, an analyst predicts the project cost will blow out to at least five times the original figure.

ABC News · May 23, 2023

'Positive progress' for nation builders at Snowy 2.0

Snowy Hydro 2.0's construction woes risk putting Australia years off course on energy targets, with the cost blowout yet to be tallied, parliament learns.

AAP · May 22, 2023