Snowy Hydro boss doubles down on project timeline despite slow progress and budget blow-out
10 months, 3 weeks ago

Snowy Hydro boss doubles down on project timeline despite slow progress and budget blow-out

ABC  

In short: Snowy Hydro CEO Dennis Barnes says the project is on track to being operational by December 2028 despite "challenging" conditions. Snowy 2.0 senior project manager Guy Boardman has worked for Snowy Hydro for 15 years and expects Florence to pick up the pace. "We've still not made the decision as to whether we're going to put a fourth tunnel boring machine in, or repurpose one of the existing ones, or use conventional excavation methods," Mr Barnes said. Mr Barnes acknowledged he got it wrong when he said it would take "weeks, not months" to get Florence back up and running, which then took more than a year.

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History of this topic

Snowy Hydro expansion hits reset button as costs blow out to $12 billion
1 year, 7 months ago

Snowy Hydro expansion hits reset button as costs blow out to $12 billion

ABC  

The total cost of the massive Snowy 2.0 pumped-hydro project has blown out to $12 billion, with Snowy Hydro pinning the blame on rising costs of labour construction material, and unexpected problems drilling a key tunnel. Key points: The Snowy 2.0 project is being reset after confirming cost blowouts of billions of dollars The project is now expected to cost …

$100m spent on underground mapping before tunnelling woes, Snowy Hydro boss admits
1 year, 10 months ago

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

ABC  

The state-owned company delivering a massive expansion of the Snowy hydro power scheme has revealed it spent $100 million on geotechnical surveys before a tunnel boring machine became stuck underground. Key points: Dennis Barnes has revealed stricken boring machine "Florence" may remain trapped underground for weeks or months The revelations come amid widespread problems with the $5.9 billion pumped hydro …

Snowy Hydro 2.0 pumped-hydro battery project faces a further two years of delays
1 year, 11 months ago

Snowy Hydro 2.0 pumped-hydro battery project faces a further two years of delays

ABC  

Just three months into the role, Snowy Hydro's new boss is admitting the pumped-hydro battery project is facing up to another two years of delays. Key points: Snowy Hydro says the site will be fully operational by late 2029 CEO Dennis Barnes blamed the COVID-19 pandemic, global supply chains, inflation and technical difficulties Mr Barnes says he wants to be …

Snowy Hydro boss Paul Broad resigns amid Snowy 2.0 project delays
2 years, 7 months ago

Snowy Hydro boss Paul Broad resigns amid Snowy 2.0 project delays

ABC  

The boss of Snowy Hydro has resigned amid reported cost blowouts and delays on the Snowy 2.0 project in the NSW Snowy Mountains. Key points: Paul Broad has resigned from Snowy Hydro after nearly a decade It comes amid reported cost blowouts and delays on the Snowy 2.0 project The Snowy Board will now start the recruitment process Chief executive …

Snowy Hydro will not produce power until end of the decade, adding more pain to energy market woes
2 years, 9 months ago

Snowy Hydro will not produce power until end of the decade, adding more pain to energy market woes

ABC  

The centrepiece of the former federal government's plan to secure Australia's future energy needs has been hit with significant construction delays, meaning it will not start producing electricity until late this decade. Key points: Snowy Hydro faces significant delays that will push its start date past 2025 The discovery has surprised the new government, which says information on the project …

Snowy Hydro 2.0 touted as economic saviour to bushfire-ravaged region
4 years, 10 months ago

Snowy Hydro 2.0 touted as economic saviour to bushfire-ravaged region

ABC  

Snowy 2.0 is being touted as the economic saviour to an area of the Snowy Mountains ravaged by bushfires and COVID-19. Key points: Snowy 2.0 has been given final approval by State Government The business community hopes the project will boost the local economy which has been severely impacted by bushfires Snowy 2.0 is expected to create up to 2,000 …

Snowy Hydro 2.0 a costly white elephant that won't deliver, says energy expert
5 years, 5 months ago

Snowy Hydro 2.0 a costly white elephant that won't deliver, says energy expert

ABC  

The promised Snowy Hydro 2.0 project will be an expensive white elephant according to a leading energy expert. Key points: The Snowy Hydro 2.0 scheme will be an expensive white elephant says leading energy expert Bruce Mountain The project was initially forecast to cost $2 billion and be completed in four years Mr Mountain says it will end up costing …

Snowy 2.0 project given funds and approval for early work phase by Federal Government
6 years, 1 month ago

Snowy 2.0 project given funds and approval for early work phase by Federal Government

ABC  

The Federal Government has committed funding and approved the Snowy 2.0 project as a measure in its renewable energy pitch — the former prime minister Malcolm Turnbull's pet project. Key points: The project is estimated to cost between $3.8 billion and $4.5 billion It would multiply generating capacity by 150 per cent and could power 500,000 homes during peak demand …

Snowy 2.0: Australia's almost capital city crying out for more environmental water
6 years, 9 months ago

Snowy 2.0: Australia's almost capital city crying out for more environmental water

ABC  

The NSW town of Dalgety fears the multi-billion dollar Snowy Hydro expansion could threaten its future and the health of the Kosciuszko National Park if water is not returned to the river. Alpine Adventures river rafting operator Richard Swain said Snowy Hydro's control over water release schedules over the 25 years he had been running a business in the region …

Snowy Hydro sale releases $4.1 billion cash windfall for regional NSW
7 years, 1 month ago

Snowy Hydro sale releases $4.1 billion cash windfall for regional NSW

ABC  

The Federal Government's announcement it will buy New South Wales's share of the Snowy Hydro scheme for $4.1 billion will lead to a windfall for the bush. The Snowy Hydro transformed Australia's electricity system, and the revamped scheme is a key pillar of the Prime Minister's plan to solve the nation's energy woes. The NSW Opposition said promising to spend …

Snowy Hydro 2.0 could actually cost as much as $4.5b — more than double the initial price tag
7 years, 3 months ago

Snowy Hydro 2.0 could actually cost as much as $4.5b — more than double the initial price tag

ABC  

An ambitious multi-billion-dollar expansion of the iconic Snowy Hydro project could cost more than twice as much as previously thought, but the Prime Minister argues it's still a viable project. Utilising existing reservoirs, a new tunnel could link the lower Talbingo Reservoir, with either the upper Tantangara Reservoir, or Lake Eucumbene Another pump and a large power station would be …

Snowy 2.0 plan approved by Prime Minister Malcolm Turnbull in less than two weeks; cost could skyrocket
7 years, 10 months ago

Snowy 2.0 plan approved by Prime Minister Malcolm Turnbull in less than two weeks; cost could skyrocket

ABC  

It was such a good idea, it just could not wait. It has been revealed Snowy Hydro first put the concept of "Snowy 2.0" to the Prime Minister's Office less than two weeks before the project was announced by Malcolm Turnbull. During a Senate Estimates hearing, Greens senator Larissa Waters asked Snowy Hydro chief executive officer Paul Broad for a …

Snowy Hydro scheme boost to secure electricity supply on east coast: Government
8 years ago

Snowy Hydro scheme boost to secure electricity supply on east coast: Government

ABC  

The Federal Government has announced a $2 billion intervention in Australia's electricity supply debate, by expanding the Snowy Mountains hydro scheme in a bid to power up to 500,000 homes. Key points: Expansion aimed at addressing energy security, preventing power shortages in eastern states First major expansion of Snowy Hydro scheme since construction completed in 1974 Energy Minister said the …

Snowy Hydro expansion won't be 'magical' solution to power problems, experts say
8 years ago

Snowy Hydro expansion won't be 'magical' solution to power problems, experts say

ABC  

Engineering experts are less critical than the South Australian Premier but some are warning that the expansion of the hydro-electric scheme won't be a "magical" solution to Australia's power problems. "And so if you build a large underground power station with a pump and a turbine, or several, then you have effectively a giant battery without disturbing the Kosciusko National …

Snowy Hydro boost could have huge impact on environment, conservationists say, demanding independent inquiry
8 years ago

Snowy Hydro boost could have huge impact on environment, conservationists say, demanding independent inquiry

ABC  

A New South Wales wilderness group fears the planned expansion of the Snowy Mountains Hydro Scheme could pose devastating environmental impacts and is demanding an independent inquiry. Director of the Colong Foundation for Wilderness Keith Muir said any environmental assessment could not be relied on to protect the Kosciuszko National Park, where the Snowy Mountains scheme is situated. "Having a …

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