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Genex Power

Apr 28, 2021
It’s official – lift-off for Kidston construction

It’s official – lift-off for Kidston construction

Genex Power has pushed ‘go’ on the major construction contracts for North Queensland’s $777 million Kidston hydro build. Building the 250MW/2000MWh pumped storage hydro project as well as the electricity infrastructure required to connect it to the grid is tipped to deliver more than 800 new jobs in North Queensland. The company today issued notice… ...

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Apr 15, 2021
Kidston hydro on track as NAIF loan finalised

Kidston hydro on track as NAIF loan finalised

Genex Power has flagged it is on track to start construction this month and reach financial close in May on the $777 million Kidston pumped hydro project. It has executed all outstanding financing documentation, including closing on a $610 million loan through the Northern Australia Infrastructure Facility (NAIF). Genex chief executive officer James Harding. Expected… ...

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Mar 31, 2021
Countdown to construction as Genex ticks more boxes

Countdown to construction as Genex ticks more boxes

Genex Power has announced another milestone for its 250MW Kidston pumped storage hydro project, reaching project document contractual close. It has also issued notice to proceed to Powerlink to enable work to commence on development on the new 186km 275kV transmission line from Kidston to a new switching station to be constructed at Mount Fox…. ...

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Mar 24, 2021
Genex lines up final funds for $777m hydro project

Genex lines up final funds for $777m hydro project

Genex Power says it has secured the final pieces of a $777 million financing package that will allow the Kidston pumped storage hydro project to proceed. And it has flagged a start for construction activities at the North Queensland site next month. It comes through the launch of a fully underwritten capital raising for $90… ...

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Mar 23, 2021
Powerlink deal a key step towards hydro start

Powerlink deal a key step towards hydro start

Kidston Pumped Storage Hydro Project developer Genex Power has finalised negotiations with Powerlink Queensland over the new energy hub’s connection to grid. It says building the electricity infrastructure together with the pumped hydro project will deliver more than 800 new jobs in North Queensland. The key deal is among the pieces falling in place as… ...

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Mar 03, 2021
Regional businesses competing with the nationals

Regional businesses competing with the nationals

A Rockhampton-based company providing environmental, engineering and planning services across the country and into south-east Asia has written the template for other businesses wanting to locate to regional centres. CQG Consulting was started in 2003 and has developed to the point where it’s involved in most of the significant projects in regional Queensland including in… ...

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Feb 19, 2021
Genex update on Kidston hydro start date

Genex update on Kidston hydro start date

Genex Power has issued an update on the expected start date for construction of its 250MW Kidston Pumped Storage Hydro Project in North Queensland. Financial close – previously tipped for this month – and the start of construction are now expected to occur early in the second quarter of this year. Construction of the $800… ...

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Feb 05, 2021
Kidston connection deal paves way for 400 jobs

Kidston connection deal paves way for 400 jobs

Genex Power has welcomed a $147 million State Government pledge that will see its Kidston Pumped Storage Hydro Project hooked up to the national grid. The transmission line for the North Queensland power project is expected to support more than 400 new jobs during its construction. It will be built, owned and operated by Powerlink… ...

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Jan 15, 2021
Kidston site prepped for project launch

Kidston site prepped for project launch

Contractors are at work on the Kidston hydroelectric power site, with preparations including upgrading the airstrip to support regular flights from Townsville and boosting camp accommodation to cater for hundreds of workers. Genex Power initiated the early works program for the Kidston Pumped Storage Hydro Project, based at the former Kidston gold mine, after announcing last… ...

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