possibly more in store for AVL..
http://www.news.com.au/finance/econ...s/news-story/6719ab0e651c9ed3b00a2dbbfd8a411a
PRIME Minister Malcolm Turnbull is set to announce a “game-changing” expansion of the iconic Snowy Hydro electric scheme to stave off Australia’s looming power crisis.
The $2 billion infrastructure project would be the biggest in a generation, according to reports, and would increase the original hydro scheme’s power supply capacity by 50 per cent
Mr Turnbull is expected to make the announcement later today, just 24 hours after he summoned gas company chiefs to an emergency meeting to deal with the country’s threatened gas shortage.
http://www.snowyhydro.com.au/news/expanding-pumped-hydro-storage/
15Mar17
"The Scheme itself already operates as the ‘battery storage’ of the NEM, utilising dams to store energy in the form of water that can be delivered to the grid within minutes through the fast start capabilities of the Scheme’s nine power stations."
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