Chief executive says pumped hydro project remains ‘critical’ to energy transition away from fossil fuels
Snowy Hydro’s bogged tunnel boring machine could resume work within weeks – a key step to getting the “critical” pumped hydro projectDennis Barnes, Snowy’s chief executive, says the revised contract with the builders of the 2.0 project – Italy-based WeBuild – is still in its “final stages” but he expects it to be signed off soon.
Snowy’s amended environmental plans will go on public exhibition soon, with work expected to resume after that.government, Barnes said on Thursday. To provide an equivalent of 2.0’s 350,000 megawatt-hours of storage with lithium batteries would cost $130bn, Barnes claimed, citing analysts Wood Mackenzie.
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