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 Limited is focused on developing a portfolio of renewable energy generation and storage projects across Australia. The Company's flagship Kidston Clean Energy Hub, located in north Queensland, will integrate large-scale solar generation with pumped storage hydro. The Kidston Clean Energy Hub is comprised of the operating 50MW stage 1 Solar Project (KS1) and the 250MW Kidston Pumped Storage Hydro Project (K2-Hydro) with potential for further multi-stage wind and solar projects. The 50MW Jemalong Solar Project (JSP) is located in NSW and provides geographical diversification to the Genex Power Limited portfolio. JSP was energised in early December 2020 and commissioning is now underway. Genex is further developing its energy storage portfolio via the early stage development of a 50MW/75MWh standalone battery energy storage system at Bouldercombe in Queensland. With over 400MW of renewable energy and storage projects in development, Genex is well placed as Australia's leading renewable energy and storage company.

     

Contact

Simon Kidston
Executive Director
Tel: +61 2 9048 8850
Email: sk@genexpower.com.au



Link: Genex Secures Generation Authority for Kidston Solar Phase 1


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