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==== Expansion plans ==== In March 2017, the Australian government then headed by [[Malcolm Turnbull]] suggested a $2 billion project expanding the 4.1 GW Snowy Mountains Scheme by 2 GW of pump storage for a week, building new tunnels and power stations, but no new dams. The 80% efficiency of such storage can be sufficient in leveling differences between supply and demand.<ref>{{cite web|url= http://www.smh.com.au/federal-politics/political-news/snowy-hydro-20-malcolm-turnbull-announces-plans-for-2-billion-expansion-20170315-guyozj.html |title='Snowy Hydro 2.0': Malcolm Turnbull announces plans for $2 billion expansion|date=15 March 2017|access-date=18 March 2017|via=[[The Sydney Morning Herald]]|url-status=live|archive-url= https://web.archive.org/web/20170317193301/http://www.smh.com.au/federal-politics/political-news/snowy-hydro-20-malcolm-turnbull-announces-plans-for-2-billion-expansion-20170315-guyozj.html |archive-date=17 March 2017|df=dmy-all}}</ref><ref>{{cite web|url=http://reneweconomy.com.au/turnbull-drives-stake-through-heart-of-fossil-fuel-industry-48916/ |title=Turnbull drives stake through heart of fossil fuel industry|date=15 March 2017|access-date=18 March 2017|quote=minus 20 per cent losses|url-status=live|archive-url= https://web.archive.org/web/20170317202901/http://reneweconomy.com.au/turnbull-drives-stake-through-heart-of-fossil-fuel-industry-48916/ |archive-date=17 March 2017|df=dmy-all}}</ref> Dubbed [[Snowy 2.0 Pumped Storage Power Station|Snowy 2.0]], the expansion has been under construction since 2019 and was expected to be complete by 2026. Delays have meant the project will not be fully operational until 2029.<ref name="sh2pf">{{cite news |last=Dhanji |first=Krishani |date=3 May 2023 |title=Snowy Hydro 2.0 pumped-hydro battery project faces a further two years of delays |url=https://www.abc.net.au/news/2023-05-03/snow-hydro-delayed-for-further-two-years/102295662 |work=[[ABC News (Australia)|ABC News]] |publisher=[[Australian Broadcasting Corporation]] |access-date=5 May 2023}}</ref>
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