Major project · Snowy Hydro Limited
Hunter Power Project (Kurri Kurri power station)
A 660 MW gas-fired power station at Kurri Kurri in the Hunter Valley, NSW. The estimates cover the power station only, not the gas pipeline that supplies it. Snowy Hydro said in July 2026 that a final commissioning stage would start testing on or after 10 July 2026.
- First published estimate
- $600m May 2021
- Latest estimate
- $1.3bn Dec 2024
- Latest as a multiple of first
- 2.2×
- Expected completion
- June 2025 (both units) first stated as December 2023
Every published estimate
Amounts are as published, in dollars of the day, not adjusted for inflation. Each estimate links to its source and quotes the words containing the figure. How these are compiled.
| Date | Estimate | Covers | Completion | Source |
|---|---|---|---|---|
| May 2021 | $600m | Power station, two gas turbines totalling 660 MW; government funding of up to $600m | December 2023 | Protecting families and businesses from higher energy prices, Angus Taylor, Minister for Energy and Emissions Reduction Video“In the 2021-22 Budget, the Government committed up to $600 million for Snowy Hydro Limited to construct a 660 MW open cycle gas turbine at Kurri Kurri in the Hunter Valley.” |
| Aug 2023 | $950m | Total target cost, funded by Snowy Hydro | Securing the future of critical energy transformation projects, Snowy Hydro Limited“HPP The total target cost is now $950 million and will be funded by Snowy Hydro.” | |
| Dec 2024 | $1.3bn | Expected final cost | June 2025 (both units) | Hunter Power Project update, Snowy Hydro Limited“Prioritising power availability means the final cost of HPP is expected to be around $1.3 billion” |
Government funding in the 2026-27 Budget
- Snowy Hydro Limited investment: $0 net paid out in 2026-27
- Snowy Hydro Limited loan: $2.9bn net paid out in 2026-27
These are loans and equity, which are not counted as expenses. Loans and investments.
Related pages
- Department of Climate Change, Energy, the Environment and Water
- Department of Finance
- SNOWY HYDRO LIMITED (contracts as a supplier on AusTender)