Qld to commit $14b for mega pumped hydro project

According to The Australian Financial Review, the Palaszczuk government will commit $14 billion to fund one of Australia’s most expensive renewable energy projects, the Borumba pumped hydro project in south-east Queensland.
It is one of two mega pumped hydro projects the government is relying on to enable it to shut down the state’s five coal-fired power stations by 2035, even though other pumped hydro projects, such as Snowy 2.0 and Genex Power’s Kidston project in North Queensland, have been plagued by cost blow-outs and slow development timelines.

https://www.afr.com/companies/energy/qld-to-commit-14b-for-mega-pumped-hydro-project-20230609-p5dfba