Jun 4, 2026 – 5.40pmSnowy Hydro chief executive Dennis Barnes is confident the late and over-budget Snowy 2.0 pumped hydro project will prove good value for Australian taxpayers, even as he acknowledged a revised 2028 start date was in doubt.The Commonwealth government-backed project, likely to cost well in excess of $12 billion, had been “bloody hard”, Barnes said, but was set to provide critical long-term storage to the grid as it becomes increasingly reliant on intermittent wind and solar power.Subscribe to gift this articleGift 5 articles to anyone you choose each month when you subscribe.Subscribe nowAlready a subscriber? Fetching latest articles