Government-owned company pushes earliest start date of pumped hydro project to the second half of 2028
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The multibillion-dollar Snowy Hydro 2.0 development, billed as vital to support the transformation of Australia’s east coast electricity grid, will be delayed by up to two years and face another cost blowout.
It follows a series of problems with the development, including a tunnel-boring machine becoming stuck about 70 metres below the surface, the collapse of one of the project’s contractors and delays related to Covid-19.
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Continue reading…Government-owned company pushes earliest start date of pumped hydro project to the second half of 2028Follow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe multibillion-dollar Snowy Hydro 2.0 development, billed as vital to support the transformation of Australia’s east coast electricity grid, will be delayed by up to two years and face another cost blowout.It follows a series of problems with the development, including a tunnel-boring machine becoming stuck about 70 metres below the surface, the collapse of one of the project’s contractors and delays related to Covid-19.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…