Snowy Hydro 2.0 eyes return to tunnelling after delays and cost blowouts

Chief executive says pumped hydro project remains ‘critical’ to energy transition away from fossil fuels

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Snowy Hydro’s bogged tunnel boring machine could resume work within weeks – a key step to getting the “critical” pumped hydro project now expected to cost $12bn back on track.

Dennis Barnes, Snowy’s chief executive, says the revised contract with the builders of the 2.0 project – Italy-based WeBuild – is still in its “final stages” but he expects it to be signed off soon.

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