Sydney, Aug 29, 2017 AEST (ABN Newswire) - Genex Power Limited (ASX:GNX) (Genex or Company) is pleased to advise that Queensland's Department of Energy and Water Supply (DEWS) has issued Genex's wholly owned subsidiary, Genex (Solar) Pty Ltd, a Generation Authority for the 50 MW Kidston Solar Stage 1 (KS1).

The Generation Authority is a critical regulatory requirement to enable any new power station to connect to the National Electricity Market (NEM).

Commenting on the issuing of the Generation Authority, Genex's Managing Director Michael Addison said: "Genex continues to work constructively with Queensland's Department of Energy and Water Supply to develop KS1. The Generation Authority is a critical regulatory requirement and Genex is pleased to have secured this milestone. By securing the Generation Authority, Genex is now one step closer to energisation and first revenue in December 2017 with Practical Completion in Q1 2018."


About Genex Power Ltd

Genex Power ASX:GNXGenex Power Limited (ASX:GNX) is a power generation development company listed on the ASX. The Company is focused on innovative clean energy generation and electricity storage solutions which deliver attractive commercial returns for shareholders. Following Financial Close of the first phase 50MW Kidston Solar Project (KSP1), the Company’s focus is now on the development of its Stage 2 Projects comprising a 250MW Pumped Storage Hydro Project (PSHP) and the integrated 270MW Kidston Solar Project (KSP2) located at Genex’s Kidston Renewable Energy-Hub in Northern Queensland.

     


Contact

Simon Kidston
Executive Director
Tel: +61 2 9048 8852
Email: sk@genexpower.com.au



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