Snowy Hydro 2.0 project hit by delay of up to two years and another cost blowout

Government-owned company pushes earliest start date of pumped hydro project to the second half of 2028

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The multibillion dollar Snowy Hydro 2.0 development, billed as vital to support the transformation of Australia’s east coast electricity grid, will be delayed by up to two years and face another cost blowout.

It follows a series of problems with the development, including a tunnel-boring machine becoming stuck about 70 metres below the surface, the collapse of one of the project’s contractors and delays related to Covid-19.

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