Snowy Hydro’s independent Board of Directors has approved the Snowy 2.0 feasibility study, and for further work to be undertaken for the project to progress to a final investment decision in 2018.
According to the feasibility study released 20th December 2017 the technical and financial feasibility is confirmed. The board has withheld the chapters of the report which show the financial modelling and pricing of the project on the grounds of being commercially sensitive.
Snowy Hydro’s CEO, Paul Broad, said that progressing Snowy 2.0 was a strategic business decision and the projected return on investment would enable the company to fund the project.
More details are available at Snowy Hydro.