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During the Period, the Company made significant progress on its first large-scale Battery Energy Storage System (BESS) with the signing of a Supply Agreement with Tesla Motors Australia Pty Ltd (Tesla) for the 50MW/100MWh Bouldercombe Battery Project (BBP). ....
Genex Power Ltd (ASX:GNX) Quarterly Activities Report
Quarterly Activities ReportSydney, July 23, 2021 AEST (ABN Newswire) - Genex Power Limited ( ASX:GNX) is pleased to provide the following update on the Company s activities and performance for the quarter ending 30 June 2021 (Q4 FY2021 or the Period), a period during which the Company reached financial close and commenced construction at its flagship Kidston Pumped Storage Hydro Project (K2-Hydro). HIGHLIGHTS - Financial close for K2-Hydro was reached during the Period, signalling the satisfaction of all conditions precedent associated with the financing of the project; - Construction at the K2-Hydro site at Kidston commenced, including upgrade work for the accommodation village, key infrastructure and fresh water supply; ....
Genex Power executes major hydro project
Genex Power executes major hydro project Share
Firm: Baker Mckenzie (Genex Power Limited).
Deal: Genex Power Limited has been advised on the execution and contractual closing of its major project construction and operation documents for the financing of the 250-megawatt Kidston Pumped Hydro Project.
Value: As per a statement from Baker McKenzie, financing for the project “will be provided by the Northern Australian Infrastructure Facility through a loan of up to $610 million as well as a contribution of $47 million in grant funding from the Australian Renewable Energy Agency”.
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