Inside the engineering megaproject that went horribly wrong | Four Corners
ABC News In-depth・3 minutes read
Snowy 2.0, a project to power millions of homes, faces delays and budget overruns, reaching $12 billion. Despite challenges, Snowy Hydro's CEO remains upbeat about the project's role in the energy transition.
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Snowy 2.0, initially envisioned to power millions of homes for a week in a low-carbon future, faced immense delays and cost overruns, with the budget skyrocketing to $12 billion, six times the original estimate, highlighting significant challenges in its execution and completion.
Despite criticisms and setbacks, the CEO of Snowy Hydro remains optimistic about the project's completion and its pivotal role in the energy transition, emphasizing its importance for providing deep storage for renewable energy and addressing energy security concerns, showcasing a strong commitment to achieving the project's ambitious goals amidst adversity.
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Recent questions
What is the purpose of Snowy 2.0?
To power homes with low-carbon energy.
Who conducted the feasibility study for Snowy 2.0?
Snowy Mountains Engineering Corporation (SMEC).
What challenges did the tunnel boring machine, Florence, face?