Prime Minister ScottMorrisonMP is set to give the green light to a multi-billion dollar expansion of the Snowy Hydro scheme.
Multi-billion dollar Snowy Hydro expansion gets green light 26/02/2019 | 1min Prime Minister Scott Morrison is set to give the green light to a multi-billion dollar expansion of the Snowy Hydro scheme.
The project is expected to reduce power prices by up to 10 per cent with $1.38 billion dollars of taxpayer money to be injected into the Snowy 2.0 scheme. Upon completion, the new development will power 500 thousand homes during peak demand. Image: Snowy Hydro Limited Favourite
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Snowy Hydro expansion officially approvedA massive expansion of the Snowy Hydro scheme has been officially approved in a bid to force energy prices down and make power more reliable. 9News
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Snowy 2.0 gets $1.38 billion and approval for initial work to beginThe Government says the business case stacks up and has given Snowy Hydro permission to proceed to the early works stage along with a commitment of up to $1.36 billion for the project.
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