Snowy 2.0 is a big enough venture to create its own watershed of cheers and jeers.

The federal buyout of $6.221 billion - split two-thirds for NSW, one-third for Victoria - to acquire the 87 per cent of Snowy Hydro shares not held by the Commonwealth was cheered by the respective state governments. With virtually no strings attached, they are naturally gleeful.

The media article, quoting ANU Energy Change Institute's Exectuive Member, Professor Andrew Blakers, was written by Peter Hannam, Environment Editor, Sydney Morning Herald. Read the full article on the Sydney Morning Herald website.