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Four Corners on ABC TV – Snowy Hydro 2.0 — which was sold as a nation-building project for a low-carbon future – was meant to be feeding power into Australia’s grid by the end of 2024.  ​

Instead, the pumped hydro project, which was once estimated to cost $2 billion, is now five years behind schedule and forecast to hit $12 billion. ​

This week Four Corners goes beyond the corporate spin to reveal the inside story of Snowy 2.0 and how it all went so horribly wrong.  ​

Reporter Angus Grigg challenges the megaproject’s founding champion, former prime minister Malcolm Turnbull, on why there are such significant overruns. Turnbull tells Four Corners as much as $2 billion of the cost blow out can be traced back to a massive tunnel boring machine called Florence.  ​

Stuck only 150 metres into its 15km journey, Florence is the perfect illustration of how the project’s progress has stalled. ​

Drawing on months of investigation, Grigg forensically examines the cost blow outs and asks what next for Snowy Hydro 2.0?  ​

Tunnel Vision reported by Angus Grigg goes to air on Monday 23 October at 8.30pm on ABC TV and ABC iview

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Four Corners on ABC

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