Snowy 2.0: Malcolm Turnbull's pet project given go-ahead by board

Snowy Hydro board approves expansion of scheme to add 2,000MW of new generation capacity

More than 12 months after he first flagged it, the board of Snowy Hydro has ticked-off on the former prime minister Malcolm Turnbull’s “Snowy 2.0” pet project – approving the expansion of the iconic scheme to add 2,000MW of new generation capacity.

In a statement issued on Wednesday night, the board confirmed a final investment decision to proceed, subject to shareholder approval, which means approval from Turnbull’s successor, Scott Morrison.

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from The Guardian https://ift.tt/2zXCHzF
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