How much did the Snowy River scheme cost?
| Snowy Mountains Scheme | |
|---|---|
| Map of Snowy Mountains Scheme | |
| Country | Australia |
| Location | Kosciuszko National Park, New South Wales |
| Coordinates | 36.12°S 148.6°ECoordinates:36.12°S 148.6°E |
How does the Snowy River Scheme Work?
The Scheme collects and stores the water that would normally flow east to the coast and diverts it through trans-mountain tunnels and power stations. The water is then released into the Murray and Murrumbidgee Rivers for irrigation. The Scheme took 25 years to build and was completed in 1974.
How many dams are in the Snowy River Scheme?
16
Described as one of the civil engineering wonders of the modern world, the Snowy Scheme consists of nine power stations, 16 major dams, 80 kilometres of aqueducts and 145 kilometres of interconnected tunnels.
How much will the Snowy Hydro 2.0 cost?
The analysts say the combined cost of the project is heading to $10 billion or more, and the Hume Link results in a “dead weight” loss of more than $4 billion and possibly more than $6 billion.
Who owns the Snowy Hydro?
The Commonwealth Government
Snowy Hydro is a fully Australian-owned company, incorporated under the Corporations Act (Cth). It is governed by an independent Board of Directors, and operates on a strictly commercial basis. The Commonwealth Government is the sole shareholder of Snowy Hydro Ltd, from which it receives an annual dividend.
How much water does the Snowy Hydro use?
The Snowy-Murray System provides an average of 570 gigalitres of water annually to the Murray via the Hume Reservoir. During dry periods the inflow to the Murray is increased to 920 gigalitres. The power generation utilises water under great pressure to spin the turbines which operate the generators.
Is Snowy 2.0 Viable?
Is Snowy 2.0 viable? Snowy 2.0 claims that it will operate at a 17% average annual capacity factor (3 GWh per year on average to 2042). From Figure 2 we see that this means it will need to sell electricity for $216/MWh more than it buys if it is to come close to recovering its capital outlay.
Is Snowy Hydro profitable?
According to its annual report, which was quietly tabled in parliament during the last sitting period, Snowy Hydro recorded a $377.6 million before tax profit for the 2020-21 year, as it used its portfolio of hydro and gas generators to take advantage of peak electricity prices and growing volatility in the energy …
Can you invest in Snowy Hydro?
The $4.2 billion Snowy Hydro Legacy Fund is a once-in-a-lifetime opportunity to invest in major and transformative infrastructure across regional NSW.
Is Snowy Hydro pumped hydro?
Snowy 2.0 is a pumped-hydro project. This means it is a closed loop system that effectively recycles water before releasing it downstream. More broadly, the Snowy Scheme operates under a strict water licence issued by the NSW Government.
https://www.youtube.com/watch?v=yU_rK_kJC7w