Antinuclear

Australian news, and some related international items

Malcolm Turnbull tries to look climate change good, with Snowy Hydro funding

Malcolm Turnbull to announce millions in funding for Snowy Hydro 2.0 pet project, The Age,  James Massol, 27 Aug 17 Prime Minister Malcolm Turnbull is set to announce millions in extra funding for his pet project, Snowy Hydro 2.0, after visiting the power station on Monday morning. Prime Minister Malcolm Turnbull is set to announce millions in extra funding for his pet project, Snowy Hydro 2.0, after visiting the power station on Monday morning.

The announcement is due to be made in News Corp papers on Monday, but Fairfax Media has learnt the details ahead of time.

Mr Turnbull will attempt to focus on electricity prices and energy policy for the entire week ahead, in an attempt to shift focus away from the citizenship fiasco….

The feasibility study is due to be completed by the end of year; work is already under way on technical and drilling work and it will soon ramp up to be a 24-hour-a-day operation……

The expansion of Snowy Hydro, which will conservatively cost at least $2 billion and which will take at least four years to complete, is designed to provide power for an extra 500,000 homes when finished. The bill for the project could effectively double from $2 billion to $4 billion because of essential upgrades to power transmission lines into Melbourne and Sydney.

When completed, it will effectively function as a giant battery for the east coast electricity market and the new power station will have an estimated generation capacity of 2000 megawatts…..

ARENA began talks with Snowy Hydro about working on the project in February, about a month before the Prime Minister announced the project, and it is hoped the know-how the agency gains from working on Snowy Hydro 2.0 will be used on other pumped hydro storage projects.

The Commonwealth owns 13 per cent of the scheme, NSW 58 per cent and the Victorian government 29 per cent. http://www.theage.com.au/federal-politics/political-news/malcolm-turnbull-to-announce-millions-in-funding-for-snowy-hydro-20-pet-project-20170827-gy5042.html

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August 28, 2017 - Posted by | AUSTRALIA - NATIONAL, energy, politics

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