Snowy Hydro 2.0 has blown out to 12 times its original cost – but the CEO says it ‘could have been worse’
First touted by the Turnbull government in 2017 with a price tag of $2bn, the cost of the project in the Kosciuszko national park has increased dramatically…
The Guardian reports: First touted by the Turnbull government in 2017 with a price tag of $2bn, the cost of the project in the Kosciuszko national park has increased dramatically over time.
In 2023 it was revised to almost…
This business story centres on the United Kingdom. Names and organisations mentioned in the coverage include Snowy Hydro, CEO and Turnbull.
Why it matters
Moves like this are watched by investors, employers and consumers because of their potential effect on markets and the wider economy.
Key details
- Location
- United Kingdom · Europe
- Reported by
- The Guardian
- First reported
- Key names
- Snowy Hydro, CEO, Turnbull, Kosciuszko
- Section
- Business
Sources
This is an independent summary. Read the full, original reporting from the publisher:
Read the full story at The GuardianSpotted an error? Request a correction · How this summary was produced
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