Snowy 2.0 can 'out-compete' any new coal plants, chief says

The head of the government’s Snowy 2.0 project says the expanded scheme would be able to “out-compete” any new coal-fired power.

Malcolm Turnbull tours the Snowy Hydro Tumut 2 power station.
 The 2.0 scheme would perform better than any new coal-fired plants,
its head said.

Snowy Hydro’s managing director and chief executive, Paul Broad, told a Senate estimates hearing on Tuesday the project would perform better than any new coal plants, including those being pushed for by government backbenchers , because of the increasing market shift toward renewables.

“We will out-compete any new coal plant, no subsidies, no government guarantees, nothing,” he told the hearing. “We will out-compete them on price and reliability as the markets unfold.”

Read the story by Lisa Cox from The Guardian - “Snowy 2.0 can 'out-compete' any new coal plants, chief says.”