Prime Minister Malcolm Turnbull is set to announce millions in extra funding for his pet project, Snowy Hydro 2.0, after visiting the power station on Monday morning.
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| Malcolm Turnbull at the Snowy Hydro power station in March. |
The money will be spent on meeting some of the cost of the $29 million feasibility study and will come from the Australian Renewable Energy Agency.
It represents a major new investment from the federal government, which has only committed $500,000 so far to the project, despite Mr Turnbull frequently championing Snowy Hydro 2.0 as a game-changer for the east coast electricity market.
Read James Massola’s story in today’s Melbourne Age - “Malcolm Turnbull to announce millions in funding for Snowy Hydro 2.0 pet project.”
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