Snowy Hydro 2.0 cost balloons to $25bn, completion delayed to 2029

Snowy Hydro 2.0's projected cost has escalated to $25bn, 12 times the original $2bn estimate, with completion pushed to 2029. The CEO's remark that it 'could have been worse' signals continued uncertainty in cost and schedule. This underscores chronic cost overruns in Australian mega-infrastructure and raises questions about the viability of the energy transition project.

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