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Robert Gottleibsen

As seen in: Joanne Nova
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Articles by Robert Gottleibsen

Cost blowouts on cost blowouts: the Snowy Hydro Renewable Bandaid doubles again

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By Jo Nova, Robert Gottleibsen, Peter Hannam
| Joanne Nova
Hydro power station no. 3 Snowy scheme | Joe “velojo” A https://commons.wikimedia.org/wiki/File:Hydro_power_station_no._3_Snowy_scheme_(1)_-_panoramio.jpg By Jo Nova No wonder they sat on this bill for four months As predicted the Snowy Hydro costs have doubled again from $12 billion to $25 billion (and that’s not counting another $20 billion in high voltage lines). Adding to the challenge, the main headrace tunnel has a 25 degree slope which is a very steep incline.
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Snowy 2.0 is the Trillion dollar Black Hole of Australia — sucking in energy, money, land, industrial relations, the dollar, our lifestyle

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By Jo Nova, Robert Gottleibsen
| Joanne Nova
Image by Marcus from Pixabay By Jo Nova Coming over the event horizon — a project so bad it could break the nation Snowy 2.0, the pumped hydro “battery” is far worse than we thought, and we thought it would destroy lakes, rivers, farms, cheap electricity and national productivity. But it’s worse than that. Now it’s been infected with Victorian Union style contract bombs, which will spread to all the attached transmission tentacle projects, and blow out their budgets too.
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