Snowy Hydro 2.0 is costing $25bn – 12 times more than its initial estimate. How did we get here?

Chris Bowen says the hydroelectricity development has become ‘one of the most complicated engineering projects’ in the world * Sign up for climate and environment editor Adam Morton’s free Clear Air newsletter here The cost of the publicly owned Snowy 2.0 hydroelectricity project has blown out extraordinarily – to as much as $25bn. That’s more than 12 times the initial estimate when the development was first promised nearly a decade ago. What happened? Adam Morton and Petra Stock explain. Continue reading...