Australia’s Snowy Hydro has appointed Future Generation, a JV between Australian company, Clough, and Salini Impregilo, as preferred tenderer for the civil works contract on New South Wales’ Snowy 2.0 project. The move follows an extensive competitive tender process over the last 18 months.
Snowy 2.0 has been designed to increase generation capacity by 2,000 megawatts, and requires the construction of an 800m deep, 26km long tunnel linking the Tantangara Reservoir to Talbingo Reservoir, and an underground powerhouse.
The project has a total expected six-year construction period, concluding in 2024.
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Contracts are currently being finalised, with contract execution subject to Shareholder approval of the project.
Snowy Hydro chief executive Paul Broad has been reported in Australian media as setting March as the date for finalisation of the major construction contracts for the $4bn+ project.
Hydropower and engineering and equipment supply company, Voith Hydro is the preferred electrical and mechanical tenderer and will deliver the latest hydro-generation technology in the new power station.
Australian company Leed Engineering has also been awarded the contract for exploratory works pre-construction activities.
This is another important step towards the commencement of the project. Snowy 2.0 is a world-leading pumped-hydro project that, with the existing Snowy Scheme, will underpin the stability of the energy market as more renewable energy enters the system.
The original Snowy Hydro scheme was completed in 1974 and consists of a network of nine power stations, 16 dams, 145km of tunnels, and 80km of aqueducts.