$6 billion Snowy Hydro deal

2 March 2018

The Turnbull Government has reached an agreement with the NSW and Victorian governments to take full ownership of Snowy Hydro Limited in a deal that will deliver more than $6 billion in Commonwealth funds for investments in infrastructure across both states.

The purchase will see this infrastructure remain in Australian Government hands and NSW and Victoria will receive a fair market value for an important energy asset.

Snowy 2.0 is a proposed expansion of the Snowy Mountains Scheme and will provide an additional generation capacity of 2000 MW to power about 500,000 homes at peak demand.

See Historic Snowy Deal more information.