Why it’s important: The slow increase in landowners signing up for HumeLink threatens the target date for construction.
Context: The 385 kilometre transmission project is vital for the struggling clean energy transition.
What’s next: Transgrid wants to have early works, approvals and a final investment decision by mid-2024.
Barely half of the landowners needed to agree to power lines on their properties to hook up Snowy 2.0 to the grid have done so, testing developer Transgrid’s construction timetable and raising the prospect of compulsory acquisitions for holdouts.
The NSW transmission monopoly said on Monday that 54.8 per cent of the landowners whose properties would be crossed by the $5 billion, 385-kilometre HumeLink transmission project have agreed to its terms.
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Ben Potter was a senior writer at The Australian Financial Review.
