Another Step Forward for Snowy Hydro 2.0

Further progress on the Snowy Hydro 2.0 project was announced recently, indicating big opportunities for investors in the Cooma-Monaro property market. We expect a steep rise in demand for medium to high-end rental properties, as executive-type tenants move to the region during the 8-year expansion project. This market is set to boom, so talk to Shannon about the opportunities now.

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shannon@fergussonrealestate.com.au | P: 02 6452 7004 | M: 0429 788 143

Another step forward for Snowy 2.0 – exploratory works to start soon

BY IAN CAMPBELL – 11 FEBRUARY 2019

Deputy Premier and Member for Monaro John Barilaro making the announcement in Cooma that exploratory works for Snowy 2.0 have been appreved. Watching on Bronnie Taylor MLC, Parliamentary Secretary for Southern NSW and Paul Broad, Snowy Hydro Managing Director and CEO. Photo: John Barilaro Facebook.

Deputy Premier and Member for Monaro, John Barilaro making the announcement in Cooma that exploratory works for Snowy 2.0 have been approved. Watching on Bronnie Taylor MLC, Parliamentary Secretary for Southern NSW and Paul Broad, Snowy Hydro Managing Director and CEO. Photo: John Barilaro Facebook.

The NSW Government has given approval for exploratory works to start on the Snowy 2.0 project.

“Snowy 2.0 involves expansion of the existing Snowy Scheme, with the construction and operation of a new pumped hydropower station,” Deputy Premier and Member for Monaro John Barilaro says.

“It could increase the generation capacity of the existing Snowy Scheme by almost 50 per cent and provide 350,000-megawatt hours of large-scale storage capacity for the National Energy Market.”

If given final approval, Snowy 2.0 will link Tantangara and Talbingo Dams through underground tunnels and an underground power station. Hydropower will be generated by falling water spinning Snowy 2.0’s giant turbines, which can also pump water in the opposite direction.

This closed system allows water to be used more than once between the upper dam (Tantangara) and lower dam (Talbingo).

Snowy 2.0 will generate pumped hydro by linking Tantangara and Talbingo Dams. Photo: Snowy Hydro.

Snowy 2.0 will generate pumped hydro by linking Tantangara and Talbingo Dams. Photo: Snowy Hydro.

NSW Planning Minister, Anthony Roberts explains that the approval will allow exploratory works to investigate underground conditions at the proposed location for a power station cavern.

“Snowy Hydro Limited sought approval to construct a 3.1km tunnel and supporting infrastructure, as part of the exploratory works for Snowy 2.0,” Mr Roberts says.

“This approval allows essential geological information to be gathered for the detailed design of the underground power station,” Mr Roberts says.

The exploratory works will take place in Lobs Hole Ravine region and are subject to strict conditions to address concerns about impacts on Kosciuszko National Park.

“Under the conditions of approval, Snowy Hydro is required to pay $10.5 million to offset the impacts of the exploratory works project on the National Park,” Mr Roberts says.

“These funds would be used by the National Parks and Wildlife Service to improve catchment health and to support the National Park’s unique environmental, heritage and recreational value.”

Other conditions of approval include:

  • Detailed management plans to minimise traffic, water, biodiversity and heritage impacts and manage rehabilitation of the disturbed areas;
  • Strict measures for the management of works involving the placement of material in Talbingo Reservoir;
  • The provision of new recreational facilities at the Talbingo Reservoir if current areas are impacted by the project;
  • Notifications to the community about road users on the local networks and water users on the Talbingo Reservoir;
  • Rehabilitation following decommissioning.

Snowy Hydro will be submitting an Environmental Impact Statement (EIS) later this year for the Snowy 2.0 main works involving the construction of an underground power station with a generating capacity of around 2,000 megawatts and approximately 27km of power waterways linking the existing Tantangara and Talbingo Reservoirs.

The Snowy 2.0 main works EIS will be publicly exhibited and is expected to be submitted in the first half of this year.

The exploratory tunnel to the site of the underground power station will be 3.1 km in length, dome-shaped, 8m high by 8m wide. Photo: Snowy Hydro website.

The exploratory tunnel to the site of the underground power station will be 3.1 km in length, dome-shaped, 8m high by 8m wide. Photo: Snowy Hydro website.

The exploratory works approved today are expected to start shortly and will take 18 to 34 months to finalise. Road and access works will begin first. All going to plan Snowy 2.0 could be operational by 2025. For more detail on the exploratory works check the Snowy Hydro website.

The article above was published in About Regional on 11 February.

 

 

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Another Step Forward for Snowy Hydro 2.0