Article

Snowy Hydro's Snowy 2.0 renewable energy project, initially budgeted at $2 billion, has faced cost overruns of $10 billion, raising the total estimate to $12 billion. Currently 70% complete, the project aims to deliver power by the end of 2028, with an independent cost reassessment expected in 2026. Construction includes an underground hydropower station at Kosciuszko National Park, featuring extensive tunneling to connect key water sources.