Snowy Hydro project facing 10-fold cost blow-out

• When then-prime minister Malcolm Turnbull announced Snowy Hydro 2.0 in 2017, it was given a price tag of $2 billion and a completion date of 2021.
• 9News understands the project's latest price tag will be about $22 billion – 11 times the original estimate.
• "Although there was the famous $2 billion by 2021 announced, no work had been done at that point.

Snowy Hydro bosses paid more than $1.2m in bonuses as renewables project costs spiral – ABC News

• Snowy chief executive Dennis Barnes was paid a $323,000 bonus, and four other senior executives a total $919,000 in bonuses last financial year.
• Soon after Mr Barnes took the helm of Snowy Hydro in 2023, the company advised that the cost of Snowy 2.0 had blown out to $12 billion, and it would not generate power before December 2028.