Snowy 2.0 too expensive for Tomago aluminium smelter
New analysis reveals Snowy 2.0's power costs would exceed 28c/kWh, making it unaffordable for Tomago smelter that needs rates below 7c/kWh to remain viable.
New analysis reveals Snowy 2.0's power costs would exceed 28c/kWh, making it unaffordable for Tomago smelter that needs rates below 7c/kWh to remain viable.
The federal government is negotiating a power purchase agreement with Snowy Hydro to secure Tomago Aluminium's future, preventing the loss of up to 4500 jobs in the Hunter Valley.