News / IPPToday #46: Feasibility study underway for 2-GW Aussie pumped hydro project

IPPToday #46: Feasibility study underway for 2-GW Aussie pumped hydro project

🕔 August 29, 2017
IPPToday #175: Legal challenge delays signing of US$4.7 billion renewable projects in South Africa

This article is part of a daily series of IPP articles. If you want to know more about the latest power generation projects globally visit our IPP Today section. You can receive them by email on a daily basis.

The Australian Government has confirmed an agreement between the Australian Renewable Energy Agency (ARENA) and Snowy Hydro had been reached to drive planning for the construction of the project and insight for future pumped hydro projects into the future.

The government has committed AUD8 million for the feasibility study of the project. The total spend on the planning phase will be AUD29 million and be completed before the end of the year.

Snowy Hydro 2.0 will have enough capacity to provide 350,000 MW/h of power for a week, enough to meet peak demand continuously for 500,000 homes.

The project will help safeguard the energy security of the eastern seaboard, particularly on hot summer days and cold winter nights, while providing a jobs bonanza during the construction phase. Snowy Hydro 2.0 is already employing 350 people and will create more than 5,000 new jobs during the construction phase of the development.

In its first stage of construction, the project will see a 2000 MW of underground generation and 29 km of tunnels between existing reservoirs in the Snowy Mountains region.

Under the agreement with ARENA, Snowy will provide information on future trends for pumped hydro and energy demand, as well as the latest information on technology such as reversible pumps or variable load generation.

This information will help the potential next wave of pumped hydro projects, such as the nine pumped projects being examined in Tasmania.

The Australian Government’s support for pumped hydro is part of its commitment to ensure reliability and affordability in the energy system and to build an energy network we can rely upon while reducing emissions.

We have lately informed about other hydropower projects in Australia:

League Tables

IPP Journal accepts project & transaction submissions to ensure that the data we have in our databases is accurate.

Download Submission Form  Download Submission Form


Subscribe to our newsletter and get in your inbox jobs, news and business opportunities.

The Africa Energy Forum (AEF MAURITIUS)
Spring Special Sidebar

Follow us on Twitter

Infrastructure & PPP news

InfraPPP World