In March 2016, The Marcus Review gave a full account of how Tasmania’s energy scandal came about, before concluding the bleeding obvious:
When all is said and done, the cost of the 200 temporary diesel generators alone could come close to (or exceed) what it cost to build the Tamar Valley gas plant. It all depends on when Basslink can be fixed. Using the figures at the very top of this article, the diesel bill will sail over $100 million if Basslink isn’t functioning within three months – which is almost half the Tamar Valley build cost of $230 million. Just stop and think about that for a minute.
On top of this, there’ll also be the cost of building a second Basslink cable (which should have been done in the first place*) and re-commissioning the Tamar Valley gas plant and then doing goodness knows what to it after that. There will also be many more consequential costs on top of this (e.g. millions on government inquiries, ‘re-structuring’ and the like).
One thing is for sure, the short term money that Hydro Tasmania made between 2012 and 2014 will be completely and utterly dwarfed by the cost of this mess.