Target $18.72, page-6788

Snowy 2 hydro electric scheme has blown out in cost from $2b in 2017, to now $12b; & 7 years delay in completion date, to 2028.

Suck it up, taxpayers! (And final cost in 2028, possibly $30b-35b)?

Gas & thermal coal (both cheap, reliable, & able to provide baseload power- unlike solar & wind power) will be essential for a loooong time in Australia (& the rest of the world).

msn.comA. Brown 31.8.23 said
"

The budget for the troubled Snowy Hydro 2.0 project has blown out to $12 billion and will be finished seven years later than originally forecast, the company has confirmed.

New advice provided by Snowy Hydro shows the energy project would cost six times the amount it was originally budgeted for, with it now expected to be completed in December 2028.

The project, announced by former coalition prime minister Malcolm Turnbull in 2017, is expected to play a key role in Australia's clean energy transition.

But high construction costs and other challenges have seen the project blow out from its original completion date of 2021 and $2 billion budget.

Snowy Hydro chief executive Dennis Barnes said a reset of the project would allow it to be sustainable".

Snowy Hydro confirms project's six-fold cost blowout (msn.com)