Snowy Hydro's Snowy 2.0 project costs soar to over $40 billion
Snowy Hydro's Snowy 2.0 hydroelectric project, originally expected to cost $2 billion, is now projected to exceed $40 billion and is two years behind schedule. The Australian National Audit Office identified significant management deficiencies, while Snowy Hydro insists the project remains crucial for the nation’s energy future. Completion is now expected by December 2028.
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Published 24 Jun 2026, 07:28 UTC · Updated 24 Jun 2026, 07:30 UTC
Summary by OZbrief Editorial. Original report: SBS News – Australia. Editorial policy · Corrections
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