Snowy Hydro 2.0 has blown out to 12 times its original cost – but the CEO says it ‘could have been worse’

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Guardian World

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% finished, but the completion date has been pushed back to 2029 Get our breaking news email, free app or daily news podcast The cost of Snowy Hydro 2.0 has blown out to as much as $25bn, with a major reassessment finding the long-delayed renewable energy project will not be completed until the end of the decade. First touted by the Turnbull g…