Already a subscriber?Snowy Hydro does not know how long it will take to restart the troubled Florence boring machine tunnelling underground on its $12 billion Snowy 2.0 pumped hydro scheme after it became stuck yet again.
“Timing for estimated recommencement of excavation will be determined on the successful removal of the rock,” Snowy Hydro said.Michael Murray, NSW organiser for the Australian Manufacturing Workers’ Union, said the union had received reports indicating that machine’s cutter heads had worn down and that it had bored a smaller hole than expected.
It has not decided yet whether to acquire a fourth tunnel boring machine to start excavating from the other end of the headrace tunnel to keep the project on track. Last week’s federal budget outlined $7.1 billion in funding over four years from 2024-25 for Snowy Hydro to pay for ongoing construction of Snowy 2.0. It includes a $4.5 billion construction loan and $2.6 billion in equity.
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