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Kidston

Nov 30, 2020
Backing to fast-track Kidston wind farm feasibility work

Backing to fast-track Kidston wind farm feasibility work

Japanese public utility J-Power has signed up to help fund and develop Genex Power’s proposed Kidston Stage-3 wind project. The wind farm would be part of the $1 billion Kidston Clean Energy Hub, along with an existing solar farm and the cornerstone Kidston pumped storage hydro project, which Genex says is nearing financial close. J-Power… This content is for iQ Industry Queensland, i...

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Nov 19, 2020
Genex expects to seal hydro project deal within weeks

Genex expects to seal hydro project deal within weeks

Genex Power expects to reach financial close on its Kidston Pumped Storage Hydro Project by the end of 2020 after a series of setbacks. The company missed its September 2020 target date for delivering financial close on the project, which is expecetd to deliver 500 jobs in construction. But chairman Ralph Craven, speaking at the… This content is for iQ Industry Queensland, iQ Coal, iQ Civil...

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Sep 25, 2020
Setback for pumped hydro project timetable

Setback for pumped hydro project timetable

Genex Power is working to finalise financing for its Kidston Pumped Storage Hydro Project after a the State Government this week reaffirmed its commitment of $132 million towards transmission infrastructure. The 250MW energy project, being built at the old Kidston gold mine site, has a total construction pricing of about $600 million, excluding transmission costs,… This content is for iQ In...

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Aug 10, 2020
Genex Power raises cash to fast-track CQ battery project

Genex Power raises cash to fast-track CQ battery project

Genex Power is on a fundraising drive to help fast-track the planned Como battery project in Rockhampton and cover financial close costs for the Kidston hydro project. The company has raised just over $21 million through a successful share placement and announced a share purchase plan today to raise a further $7 million. It comes… This content is for iQ Industry Queensland, iQ Coal, iQ Civi...

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Jul 01, 2020
Genex powers ahead with Kidston hydro plans

Genex powers ahead with Kidston hydro plans

Genex Power has pinned down construction pricing and secured a further extension for its NAIF loan offer as it steams towards financial close for the Kidston Pumped Storage Hydro Project. Genex chief executive officer James Harding said the company was focused on starting construction in the coming months – creating an estimated 500 jobs in… This content is for iQ Industry Queensland,...

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Apr 29, 2020
Glencore provides COVID-19 testing for Mount Isa

Glencore provides COVID-19 testing for Mount Isa

Glencore, Queensland Health and the Laura Johnson Home have joined forces to secure COVID-19 testing equipment for the Mount Isa Hospital. Glencore has provided $45,000 for a new GeneXpert IV-4 instrument, cartridge and nasal swab collection kit that will enable local testing, and dramatically reduce the timeframe for test results. Until now, COVID-19 nasal swab… This content is for iQ Indu...

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Apr 03, 2020
Strong construction scene in Townsville as COVID-19 hits

Strong construction scene in Townsville as COVID-19 hits

Townsville’s construction scene has strong momentum as it hits the coronavirus challenge, according to local economist Colin Dwyer. Mr Dwyer, from DS Economics, said activity was considerably stronger now than a year ago and he counts about $2.9 billion worth of work on the list he compiles of significant local projects either underway or likely… This content is for iQ Industry Queensland, ...

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Mar 30, 2020
Offtake deal breakthrough for FNQ power project

Offtake deal breakthrough for FNQ power project

Genex Power has secured the energy offtake deal needed to push ahead with the Kidston hydro project in Far North Queensland. EnergyAustralia has agreed to an Energy Storage Services Agreement for up to 30 years for full dispatch rights from the planned 250MW plant. Genex expects to begin construction in the third quarter of this… This content is for iQ Industry Queensland, iQ Coal, iQ Civil...

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Nov 22, 2019
J-Power backs Kidston pumped storage project

J-Power backs Kidston pumped storage project

J-Power has recommitted to the Kidston pumped storage hydro project, signing a new memorandum of understanding with project proponent Genex Power. “We are delighted that J-Power has shown faith in Genex and our K2-Hydro project with the execution of this MOU and to continue discussions along the lines of those originally announced in June this… This content is for iQ Industry Queensland, iQ...

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