# Snowy Hydro 2.0 costs soar to 12 times its original estimate, but CEO says it ‘could have been worse’

https://mins.news/en/item/110975

- The Guardian, 2026-10-22 11:00 UTC
- Economy
- Original: https://www.theguardian.com/australia-news/2026/oct/22/snowy-hydro-2-0-blows-out-to-12-times-original-cost

> Snowy Hydro’s latest projections put the project’s cost at at least A$22.2bn, with a contingency that could take it to A$25bn, and delay full commissioning until 2029. Tunnelling is 65% complete. CEO Dennis Barnes said the exceptionally complex project could have fared worse without its reset.