Snowy Hydro 2.0 Costs Surge to 12 Times Original Estimate, Completion Delayed to 2029
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New projections from Snowy Hydro reveal that the tunnelling phase of the Snowy Hydro 2.0 project is 65% complete. However, the project's cost has escalated to twelve times the original estimate, and the completion date has been postponed to 2029. The CEO acknowledged the cost overruns but suggested the situation could have been worse.
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Originally published by gnews