Snowy Hydro's pumped-hydro project, Snowy 2.0, is causing concern due to toxic gas emissions, environmental damage, and the increasing cost burden on taxpayers and electricity consumers.
Snowy Hydro and its hapless pumped-hydro project , Snowy 2.0 , have been back in the news recently. The revelations of toxic gases released into the atmosphere from polymers injected to stabilise the mud into which
Also, Snowy Hydro refused to accept any liability for SnowyLink North and SnowyLink South, the two giant new transmission connections to Sydney and Melbourne. They have since been renamedWhen they were first proposed, the Australian Energy Market Operator estimated the cost to be about $4 billion. That figure is now well over $12 billion.With Snowy 2.
But Bowen, who stresses the value of transparency and honesty, has refused to release the cost-benefit analysis on the basis that it is “commercial in confidence”.But a cost-benefit analysis is a calculation of public economics, not a private commercial assessment. All Australians own Snowy 2.0. Do we not have a right to know?The same story has played out in the cost-benefit analysis of transmission.
The lack of contrition or accountability for errors as big as Snowy 2.0 does not bode well for the hope that similar mistakes will not be repeated.
Snowy Hydro Snowy 2.0 Pumped-Hydro Project Toxic Gases Economic Waste Taxpayers Electricity Consumers Environmental Damage Cost Burden
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