Queensland pauses $18.4bn Borumba pumped‑hydro project amid Snowy 2.0 cost concerns
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Queensland has paused its Borumba pumped-hydro project. The scheme is valued at 18.4 billion dollars. Officials are reviewing the business case for the project. This decision follows a sharp increase in costs for the Snowy Hydro 2.0 project.
Queensland’s $18.4 billion Borumba pumped‑hydro scheme has been put on hold as the state reviews its business case following a sharp cost escalation in the Snowy Hydro 2.0 project.