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Italian company leads joint venture building Australia’s biggest hydroelectric power station
Australia’s largest renewable energy project, Snowy 2.0, is being carried out by a joint venture headed by Italy’s leading construction company Webuild (formerly Salini Impregilo).
The Future Generation Joint Venture has a AU$5.1 billion contract for the construction of the civil and electromechanical engineering works of the Snowy 2.0 pumped-hydro project, owned by Snowy Hydro Limited. Webuild and subsidiary Lane Construction have the combined majority stake in the joint venture of 65%, alongside Australian-based Clough with 35%.
Snowy 2.0 will link two reservoirs of the existing Snowy Mountains Hydro-electric Scheme – Tantangara and Talbingo – with 27km of waterway tunnels and a power station located about 800m underground. Snowy 2.0 will provide an additional 2,000 megawatts of on-demand generating capacity and 350,000 megawatt hours of large-scale storage, underpinning Australia’s transition to a renewable energy future.
“This contract consolidates our presence in the country where Webuild has been working in recent years, especially in the transport sector to expand sustainable mobility in cities like Sydney and Perth,” Webuild said in a statement.
About 1,600 people are working on Snowy 2.0, with 150 local businesses involved. During the life of the project, about 4,000 jobs will be created, with thousands more jobs in the supply chain.
Webuild is a global leader in hydro power projects. Its projects under development will provide clean energy to millions of people throughout the world while avoiding the emission of about 14.5 million tonnes of CO2 a year.
The Snowy Scheme has a proud 72-year history. From 1949, when the first blast was fired, to 1974 when the physical works of the scheme were completed, more than 100,000 men and women from over 30 countries — many from Italy — worked on this ground-breaking project that now powers homes and businesses across eastern Australia.