Snowy Hydro bracing for 10-fold cost blowout

AI Summary

The Snowy Hydro project in Australia is facing a significant financial challenge, with costs projected to exceed ten times the original budget. Despite these setbacks, the federal government remains committed to completing the renewable energy initiative.

The federal government remains committed to the renewable energy project, which is now two-thirds complete, more than 10 times over budget, and seven years behind schedule.