Project Design & Approvals
Snowy Hydro is conducting a feasibility study to understand the broad commercial, engineering and environmental aspects of the Snowy 2.0 project. The study commenced in April this year and will be submitted to the Snowy Hydro’s independent Board of Directors in December 2017.
Feasibility study outcomes will provide the information required to make a preliminary decision on whether to proceed further with detailed construction designs and planning approvals, with a view to making a final decision regarding the Snowy 2.0 investment later next year.
Two main environmental approvals are likely to be required for the Snowy 2.0 project to proceed. These are environmental approvals under the NSW Environmental Planning and Assessment Act 1979 and the Commonwealth Environment Protection and Biodiversity Conservation Act 1999 .
An Environmental Impact Statement will be prepared to support these approvals, and will take into full consideration the potential environmental, social and economic impacts of the Snowy 2.0 project and how to manage these.
Given the timeframes associated with the Snowy 2.0 project, Snowy Hydro has started work on the environmental approval process prior to completion of the feasibility study. A decision on whether to proceed with Snowy 2.0 will be made after the outcomes of the approval process are known. Alternatively, if the feasibility study concludes that Snowy 2.0 is not feasible from an economic investment or engineering perspective, the approval process will be suspended.