News

Business case released

01/11/2021

17 October 2021

The Hunter Power Project is based on a strong business case and will have a double-digit internal rate of return in the order 12.3%. It will build on Snowy’s record of sound and strategic investments. 

News

Mitsubishi Power engaged

01/11/2021

27 September 2021

Following a competitive procurement process and global search, a contract was signed with Mitsubishi Power to deliver two 330MW world-leading and hydrogen-ready F-Class open cycle gas turbines (OCGT). The Hunter Power Project will underpin greater investment in renewables, firming up an estimated 1.5 to 2GW of renewables from within Snowy’s portfolio. That’s equivalent to 160,000 household solar installations.

News

Hunter Power Project announcement

01/11/2021

19 May 2021

Snowy Hydro Managing Director and CEO Paul Broad and Minister for Energy and Emissions Reduction Angus Taylor MP announce the Hunter Power Project on-site at Kurri Kurri.

News

Snowy 2.0 project announced

04/09/2020

A proposal to expand the Snowy Scheme and deliver 2,000MW of generation and 350,000MW/h of large-scale storage was announced in early 2017.

The iconic Snowy Scheme’s role as the battery of the National Electricity Market (NEM) would be ‘supercharged’ as part of plans to expand its pumped-hydro storage capability.

It would provide a clean-energy solution to the critical security and supply issues in the NEM and recycle water utilised for electricity generation. In this way it would give continuous supply when at times of peak demand, with no impact on the Scheme’s water release obligations.

A feasibility study was commissioned to explore the physical, technical and environmental requirements for expansion of pumped-hydro at sites across the Scheme. The study also looked at the potential output of new facilities and the costs associated with the project. 

News

Geotechnical investigation program

04/09/2020

An extensive core hole drilling program was carried out to collect data on rock types across the Snowy 2.0 alignment. This information was collated to inform the project’s feasibility study.

The rock samples – or cores – provided geologists with a solid understanding of the geological and hydrogeological conditions. The work also identified physical properties of the existing rock.

This geotechnical program is the key to developing a final, buildable design for the Snowy 2.0 underground tunnels and power station. 

News

Feasibility study released

04/09/2020

The Snowy 2.0 Feasibility Study confirmed the project is technically and financially feasible.

The feasibility study also showed the key benefits of Snowy 2.0:
• System security and reliability – Snowy 2.0’s on-demand energy generation can respond within minutes to changing market needs
• Lower energy prices – wholesale energy costs will be lower with Snowy 2.0 in the market
• Scale and central location – power from Snowy 2.0 will reach all National Electricity Market (NEM) users, including the major load centres of Sydney and Melbourne
• Supporting renewables – Snowy 2.0 will enable a low emissions future at least cost by underpinning the stability of the NEM as more intermittent renewables enter the market

News

Final Investment Decision

04/09/2020

The Snowy Hydro Board approved a Final Investment Decision to proceed with Snowy 2.0.

Following almost two years of due diligence on every aspect of the project, the Board is confident Snowy 2.0 is a strong investment for Snowy Hydro.

The comprehensive appraisal included detailed financial analysis and ongoing geotechnical drilling,

News

Exploratory Works approved

04/09/2020

Approval for Snowy 2.0 Exploratory Works was granted by the NSW Government in February 2019.

The approval followed a rigorous planning and environmental planning assessment process.

Snowy Hydro committed to providing $10.5 million in offsets for any impacts associated with the Exploratory Works.

Activities approved as part of Exploratory Works included building new site access roads and upgrading other roads and tracks.

It also covered excavation of an exploratory tunnel down to the site of the underground power station cavern, establishment of a site compound and other site works.  

News

Project construction underway

04/09/2020

Under early works contractor Leed Engineering, access road upgrades and other site preparation activities began at Lobs Hole.

News

Principal contractor appointed

04/09/2020

Future Generation Joint Venture, a partnership between Webuild (formerly Salini Impregilo), Clough and Lane, was appointed by Snowy Hydro to build Snowy 2.0.

Future Generation is leading the civil works and subcontractor Voith Hydro will deliver the latest hydro-generation technology in the new underground power station.

News

Site works progress

01/09/2020

Significant progress continued to be made at Lobs Hole.

Permanent bridges over the Yarrangobilly River and Wallace Creek were constructed to enable safe access and protect riverbanks.

Works to build the the exploratory (main access) tunnel portal and temporary accommodation camps were also underway.

News

Construction of segment factory

01/09/2020

More than 130,000 concrete tunnel segments for Snowy 2.0 will be manufactured locally as part of Snowy 2.0.

Construction of the Snowy 2.0 concrete segment factory at Polo Flat, Cooma, was completed in 2020.

Earthworks were followed by concrete pours for slabs. Shed frames were also installed, followed by cladding, roofing and shed fitout.

Connect with us