5 February 2021
The Queensland government has confirmed that it will provide $147 million in funding towards a new transmission network link to Genex’s Kidston pumped hydro project.
Genex is developing a 250MW/2,500MWh pumped hydro storage project at the site of two disused gold mining pits in Kidston in Queensland, which will require a new 186km transmission infrastructure link to connect the project to the main grid.
Genex is aiming to establish the project as part of a new clean energy hub, with plans to co-locate wind and solar projects around the pumped hydro facility.
As a key milestone for the project, the Queensland government confirmed that it would provide $147 million in funding towards the cost of new network infrastructure – a $15 million increase from its preliminary commitment.