The Federal Government recently announced a proposed expansion of Snowy Hydro’s electricity generating capacity by 2,000 MW at a cost of $2 billion.
Is this proposed pumped hydro scheme likely to be economically viable? Pumped hydro projects move water uphill before releasing it and relying on gravity to drive a generator.
A comparison is made to the operating activity of the existing Tumut 3 scheme and includes a consideration of wholesale prices, water usage, and equipment efficiencies.
To read this article, please download the PDF version from the link below.