Snowy Hydro 2.0
This week we’ve learned Australia faces a gas shortage ... and that’s part of a wider problem of energy supply.
In response the Prime Minister is set to announce a major new project... An upgrade of the Snowy Mountains Hydro scheme ...
The original project was finished in 1974, after starting in 1949. This project would also create around 800 jobs at a possibe cost of $2 billion.
The Commonwealth owns 13 per cent of the scheme, NSW 58 per cent and the Victorian government 29 per cent. Those state governments could also be asked to assist with funding the expansion.