Renewable Power Australia – Prime Minister Turnbull’s Snowy Hydro Scheme Short Circuits

Posted on Wed 05/24/2017 by

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By Andrew Bolt ~

It always seemed to be just a thought-bubble:

Snowy Hydro Tumut Three Pumped Hydro Plant

Prime Minister Malcolm Turnbull’s $2 billion expansion of the Snowy Hydro scheme would require an extra $1 billion to $2 billion to be spent on upgrading poles and wires to deliver the energy to the National Electricity Market and take longer than expected, a budget estimates hearing has been told.

Although the Turnbull government has spruiked “Snowy 2.0” as a solution to the national energy crisis, Snowy Hydro chief executive Paul Broad said the project – to build another pumped hydro storage project – would now take five to six years, rather than the four years originally thought…

“The best estimate would be four years, but the rock type may present some serious challenges so it will probably be five to six years…”

The budget estimates hearing heard the Prime Minister’s office contacted Snowy Hydro on March 5, only a week before the Prime Minister made the announcement about the proposed expansion of the scheme…

In the budget earlier this month, Treasurer Scott Morrison indicated its plans to become the majority shareholder of Snowy Hydro by buying out the NSW (58 per cent) and Victorian government (29 per cent) stakes – which could cost up to $6 billion – but this is still being negotiated…

Andrew Bolt writes for the Herald Sun, Daily Telegraph, and The Advertiser and runs Australia’s most-read political blog. On week nights he hosts The Bolt Report on Sky News at 7pm and his Macquarie Radio show at 8pm with Steve Price.

Read more excellent articles from Andrew Bolt’s Blog . http://blogs.news.com.au/heraldsun/andrewbolt/

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