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I should clarify and say that I don't doubt the money exists as such, just that neither Snowy nor HT has it sitting in the bank.
Politics is where it could get interesting.
Snowy is owned 58% by the NSW government, 29% by Victoria and 13% by the Australian government so to do anything major there's three owners who need to agree.
Hydro Tas is owned 100% by the Tasmanian government so only one government involved but not one that has any spare cash.
Private investment in the form of equity would be difficult in either case for political reasons so realistically we're looking at long term debt. That's where the debate could get more difficult.
Politics is where it could get interesting.
Snowy is owned 58% by the NSW government, 29% by Victoria and 13% by the Australian government so to do anything major there's three owners who need to agree.
Hydro Tas is owned 100% by the Tasmanian government so only one government involved but not one that has any spare cash.
Private investment in the form of equity would be difficult in either case for political reasons so realistically we're looking at long term debt. That's where the debate could get more difficult.