Snowy Hydro 2.0 is a failure in every conceivable way
In April this year, Professor Bruce Mountain and former energy executive Ted Woodley warned that Snowy Hydro 2.0 could ultimately cost $42 billion, comprising direct construction costs of $20 billion, transmission infrastructure costs totalling $12 billion and interest charges of $8 billion over 15 years: They said that Snowy 2.0 was a “dreadful idea” from the The post Snowy Hydro 2.0 is a…
Professor Bruce Mountain and former energy executive Ted Woodley have warned that Snowy Hydro 2.0 could cost $42 billion in total. This includes $20 billion for direct construction, $12 billion for transmission infrastructure, and $8 billion in interest charges over 15 years. They argue that the project is a "dreadful idea" and one of the biggest infrastructure disasters in Australia's history.
Woodley specifically criticized the environmental damage being caused, noting that the project involves dumping millions of cubic meters of spoil from tunnelling into the Kosciuszko National Park. Additionally, 150 kilometers of new roads and tracks have been constructed through the protected area as part of the project.
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