PM pumps hydro before coal power

Original article by Phillip Coorey, Ben Potter
The Australian Financial Review – Page: 1 & 6 : 27-Feb-19

Power industry executives have questioned the merits of the Snowy Hydro expansion program, arguing that it may deter alternative investment in new power generation capacity before Snowy 2.0 is completed. Some have also suggested that a nuclear power station or up to six coal-fired power stations could have been built for the same cost as the Snowy upgrade, which is slated to be between $3.8bn and $4.5bn in total. Meanwhile, Prime Minister Scott Morrison has indicated that the federal government may underwrite a pumped hydro project in Tasmania.

CORPORATES
SNOWY HYDRO LIMITED, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, SUNSET POWER INTERNATIONAL, AUSTRALIA. DEPT OF FINANCE, AGL ENERGY LIMITED – ASX AGL, ORIGIN ENERGY LIMITED – ASX ORG, ENERGYAUSTRALIA PTY LTD, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, TRANSGRID, AUSNET SERVICES LIMITED – ASX AST, AUSTRALIAN LABOR PARTY

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