Snowy Hydro is using unpublished negative price data to boost prospects of Snowy 2.0’s commercial success. But the claims raise more questions than answers.
Ministers Angus Taylor, Scott Morrison, Matthias Corman, with Liberal party Eden Monaro candidate Fiona Kotvojs at Snowy Hydro's Tumut 3 power station. (AAP Image/Lukas Coch)
S&P downgrades Snowy Hydro, saying its debt would be rated “junk” without backing of federal government, and plans for new gas generator rely on more government money.
Ministers Angus Taylor, Scott Morrison, Matthias Corman, with Liberal party Eden Monaro candidate Fiona Kotvojs at Snowy Hydro's Tumut 3 power station. (AAP Image/Lukas Coch)
Open letter to the PM warns that Snowy 2.0 pumped hydro project will blow out to roughly double original cost estimates to around $10 billion.