tunnelling-journal (1)
tunnelling-journal (1)
  • Home
  • Print
    • Subscribe
    • Tunnelling Journal
    • Breakthrough
    • ITA Activity Report
    • A&NZ Journal
    • WTC Preview
    • Media Kit
  • Digital
    • Newsletter
    • E-Shots
    • TJ Digital edition
    • Products Page
    • Media Kit
  • Conferences
    • BTS Conference and Exhibition
    • Cutting Edge 2022
  • Buyer’s Guide
  • Events Diary
  • Jobs
  • About Us
  • Contact Us
  • Podcast

Home > Australian Government gives Snowy 2.0 green light

Australian Government gives Snowy 2.0 green light

Tris Thomas

Written by Tris Thomas on 27/02/2019 in News

Tagged: underground

The Australian Government has approved Snowy 2.0 as part of its plan to support new renewable energy. Exploratory Works for the $4.5bn+ mega-project will start immediately.

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 announcement follows last month’s news that Snowy Hydro has appointed Future Generation, a JV between Australian company, Clough, and Salini Impregilo, as preferred tenderer for its civil works contract.

Following Snowy Hydro Board’s final investment approval decision on 12 December 2018, the Government has reviewed the project’s business case and is satisfied that the project stacks up and will benefit energy consumers and the Snowy Mountains region.

The Government will commit up to $1.38bn in an equity investment for Snowy 2.0, with the remainder of the project to be financed by Snowy Hydro Limited.

Planning for the Snowy 2.0 project is well advanced. The Government’s decision green lights the project to progress to the early works stage.

The project has a total expected six-year construction period, concluding in 2024.

 

 

Comments:

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Search

Digital Edition

More Like This

25/01/2022

Brenner Lot H41 construction begins

Brenner Lot H41 construction begins

Mid-January 2022 saw work has begun on ‘Lot H41 Gola del Sill-Pfons’ of the Brenner Base Tunnel. The contract, worth…

11/05/2022

Normet to acquire Aliva Equipment from Sika

Normet to acquire Aliva Equipment from Sika

Normet has entered into an agreement with Sika to acquire its Aliva Equipment business assets. With the acquisition, Normet supports…

31/01/2022

Surat Metro accepts another EPBM

Surat Metro accepts another EPBM

TERRATEC has announced the delivery of another EPBM to the Gulermak-Sam India JV for use on the Surat Metro Project…

  • Contact Us
  • Media Kit
  • Magazine Archive

Newsletter

The latest from the Tunneling Journal direct to your inbox.

Social



Enquiries

TGS Media Ltd
The Old Library
Webster House
Dudley Road
Tunbridge Wells
TN1 1LE
United Kingdom

© Tunnelling Journal. All Rights Reserved. Privacy Policy / Terms & Conditions. Admin

We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.OkRead more