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The costs of building the $6 billion Snowy 2.0 hydropower project are expected to soar further after contractor Clough collapsed, with its administrators scrambling to raise money to continue energy and infrastructure projects around Australia.
Energy Minister Chris Bowen is receiving urgent briefings as he seeks to limit the fallout on critical energy transition projects from the collapse of contractor Clough.
Webuild will not proceed with a proposed acquisition of engineering group Clough, forcing the Perth-based contractor building Snowy 2.0 into administration.
West Australian leaders such as Michael Chaney, Colin Barnett and John Poynton gathered for the funeral of business giant Harold Clough, who has died at 95.