Genex Power Limited (ASX:GNX) welcomes the announcement from the Queensland Government in relation to the multi-million-dollar electrical infrastructure funding package for the Kidston Pumped Storage Hydro project transmission line.
Genex Power Ltd
Genex 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. The Company has a development pipeline of up to 770MW of renewable energy generation and storage projects within its portfolio, underpinned by the Kidston Renewable Energy Hub in far-north Queensland (Kidston Hub). The Kidston Hub is comprised of the operating 50MW Stage 1 Solar Project (KS1), the 250MW Pumped Storage Hydro Project (K2-Hydro) and the multi-staged integrated Solar Project of up to 270MW (K2-Solar) under development and the Kidston Stage 3 Wind Project of up to 150MW under feasibility. In addition, the Company has acquired the 50MW Jemalong Solar Project (JSP), located near Forbes in NSW, which is also under development.
Genex continues to acknowledge the support from the Federal Government, through the Australian Renewable Energy Agency (ARENA), which provided $8.9 million in funding to support the construction of the KS1 Project, in addition to their support of up to $9 million in funding to support the development of the stage 2 projects. Genex also acknowledges the support of the Queensland State Government through providing a 20-year revenue support deed and designating the Hub as 'Critical Infrastructure' to the State.
Genex Power Limited (ASX:GNX) is pleased to provide the following update on the Company's performance for the 2019 statutory financial year (FY19) in which Genex delivered a significantly improved financial performance.
Genex Power Limited is an Australian publicly listed company on the ASX (ASX:GNX), focused on generation and storage of renewable energy. Genex is developing a clean energy hub in north Queensland, integrating large scale solar with pumped storage hydro.
Genex Power Limited (ASX:GNX) (Genex or Company) advises that the Company's Share Purchase Plan (SPP) closed at 5.00 pm last Thursday.
Genex Power Limited (ASX:GNX) is pleased to announce that the Northern Australia Infrastructure Facility (NAIF) Board has made an Investment Decision to offer finance to Genex's Kidston Stage 2 Pumped Storage Hydro Project through the provision of a long-term concessional NAIF debt facility for up to $610 million.
Genex Power Ltd (ASX:GNX) is pleased to offer Eligible Shareholders the opportunity to participate in the Company's SPP by subscribing for up to up to $15,000 worth of fully paid ordinary shares in the capital of the Company.
Genex Power Ltd (ASX:GNX) Successful Capital Raising of $16.2m to Advance the Jemalong Solar Project and Announces a Share Purchase Plan
Genex Power Limited (ASX:GNX) is pleased to announce the successful undertaking of a Share Placement of 67,482,878 new Fully Paid Ordinary Shares to both existing and new sophisticated and institutional shareholders to advance the Company's Jemalong Solar Project in New South Wales.
Genex Power Ltd (ASX:GNX) provides the Company's latest presentation.
Genex Power Ltd (ASX:GNX) AEMO Generator Performance Standard Approval Received for Kidston Pumped Storage Hydro Project
Genex Power Limited (ASX:GNX) is pleased to announce that the Australian Energy Market Operator has completed its assessment of the Generator Performance Standards for the Kidston Pumped Storage Hydro Project and has issued their GPS approval for the Project by way of providing a letter pursuant to clause 5.3.4A of the National Electricity Rules.
Genex Power Limited (ASX:GNX) is pleased to announce that it has signed a Share Subscription Agreement with Electric Power Development Co Ltd trading as J-POWER.