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Future of Queensland’s $18b pumped hydro project hangs in the balance

The Australian Financial Review (AFR) •
October 28, 2026 • 06:08 AM
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The 2-gigawatt Borumba project is the latest pumped hydro scheme facing an uncertain future, after three others were scrapped by the Crisafulli government.

Future of Queensland’s $18b pumped hydro project hangs in the balance

Contracting has been suspended on the $18.4 billion Borumba pumped hydroelectric project in Queensland, fuelling suspicion over the government’s commitment to one of the state’s biggest renewables projects.

Queensland Hydro has halted procurement for exploratory tunnelling and drilling and earthworks at Borumba, south of Gympie, with little explanation for the pause.

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