Snowy 2.0 blows out 20 times to $42b — we could have built 4 nuclear plants instead
Snowy Hydro Cartoon by Steve Hunter
by Steve Hunter
By Jo Nova
Snowy 2.0 will stand as a monument to organized crime
Big Government is the ultimate racket. The costs have been hidden, the FOIs denied, the Unions are raking in the cash, and a foreign corporation is soaking in easy money. And in the end, the stored power is likely to be a horrible $200/kWh, making it 6 times the price of brown coal plant power.
Malcolm Turnbull promised us it would cost $2b and take four years, and here we are, nine years later, with just $40 billion and three more years to go….
There is something in this project for every grifter. The incompetent management delays have added $8b in interest during construction. That will keep the Bankers happy. There are 3,000 extra workers nobody thought we’d need and they earn $250,000 each on average. And there is now $12 billion in interconnector high-voltage line costs. Like all “renewable” projects, the fuel is free but the cost to collect and distribute it burns like a magnesium flare.
Snowy Hydro 2.0 cost spirals to $42bn sparking calls for Royal Commission
https://joannenova.com.au/2026/04/snowy-2-0-blows-out-20-times-to-42b-we-could-have-built-4-nuclear-plants/
