I'm not sure why you said 'however' corvus - I agree very much with you about the lack of money about the old and new pedder.
SBS, I'm not sure if I made this clear, but I support the restoration of the old Lake Pedder, but do not think it's currently worth the money they would have to be put into it and think the the hydropower, small as it may seem, is important to prevent this trend from continuing:

I agree with you wholeheartedly about the current government, but I'd like to point out that large scale hydro is the largest worldwide renewable energy.
The main thing is that as the geology of pedder is still intact, but all plants underneath the water are dead, a near-term restoration is not necessary. I suspect that it would be better to do sometime mid-century.
The other thing (and this is much more about the actual restoration) is that all funding for the replanting needs to be in place before draining begins. Once the water is down, replanting is of utmost importance and should be completed as fast as possible.
Men wanted for hazardous journey. Low wages, bitter cold, long hours of complete darkness. Safe return doubtful.