1.There was a typo in my above comments. I meant to write the final costs of Snowy 2, in 2028 ( if it is finished then!) might be, IMO, $13b-$15b, given the continuing increases in costs.

If we significantly reduce our thermal coal output by 2028, Australians can be expected, IMO, to be paying much more for their electricity.



2. The Guardian 31.8.23 P. Hannan said

"Snowy Hydro 2.0 costs blowout confirmed to be almost $13b

The revised estimate for the scheme is contingent on completion by end of 2028 and may rise further if delays persist...

Snowy Hydro’s two main energy projects have had their completion costs double to almost $13bn as delays and rising costs for equipment and staff take their toll.

The giant Snowy 2.0 pumped hydro project in the Kosciuszko national park, first touted bythe Turnbull government in 2017as costing $2bn, was later revised to a cost of $5.9bn. That tally, though, has escalated to $12bn, with that estimate contingent on completion by the end of 2028.

The separate gas-fired Hunter Power Project at Kurri Kurri near Newcastle in New South Wales will be completed by December 2024. Its costs have been revised higher from $600m to $950m...

The project is ambitious, being more than twice as large as any other pumped hydro venture in the world. The cost revisions may also not be the last, should it hit further engineering snags such as the unexpectedly soft soil that bogged one of its three tunnel boring machines since late last year at the start of its tunnel near Tantangara reservoir...

The 2.0 project also excludes the $5bn HumeLink project that will connect it to the wider grid. That tab will be picked up by NSW consumers".

Snowy Hydro 2.0 costs blowout confirmed to be almost $13bn | Energy | The Guardian