Chris Bowen says the government stands by the Snowy 2.0 project, Sofronoff demands ACT chief minister retract criticisms of leaks and the PM begins campaign for Voice.
The massive Snowy 2.0 pumped hydro project must continue despite a $6 billion cost blowout, Energy Minister Chris Bowen says, declaring it essential for the electricity grid’s shift to renewable energy amid warnings of elevated blackout risks this summer.
“[Independent electricity grid chief Daniel] Westerman said that it was important for the grid going forward. So, we stand by the project,” Bowen said yesterday. Energy Minister Chris Bowen is sticking by Snowy 2.0 despite the latest cost blowout revealed by the SMH and The Age on August 30.However, experts have questioned whether taxpayers will get value for money from the Commonwealth-owned corporation, arguing there are cheaper and quicker alternatives.was announced in 2017, it has been delayed from an initial deadline of 2021 to 2029, and its cost has blown out to six times the initial $2 billion estimate.
Under a renegotiated deal, contractors working on the Snowy 2.0 project will now suffer financial penalties if there are further delays or increases beyond the current $12 billion price tag, which was
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