Genex secures development approval for Kidston stage 2 solar, appoints K2-Hydro electromechanical supplier, and moves towards financial close

In an ASX statement issued  on 3 April Genex advised that it has received Development Approval (DA) from the Etheridge Shire Council in respect of the K2-Solar project. The DA is for a maximum of 270MW but Genex has the potential to build K2-Solar in stages to match energy off-take and energy transfer capabilities.

Genex  has continued to advance the early contractor involvement (ECI)  process toward agreeing full fixed price Engineering, Procurement and Construction (EPC) wrap contracts with UGL for K2-Solar and with McConnell Dowell/John Holland Joint Venture (JV) for K2-Hydro. EPC contracts are expected to be finalised by the end of June.

As part of the ECI process for K2-Hydro, the JV has selected ANDRITZ, an international tier-one supplier and global leader in hydraulic power generation, as the preferred electromechanical equipment supplier (including the reversible Francis pump-turbines). The JV, together with ANDRITZ, has continued to optimise the design for K2-Hydro as the EPC contracts are finalised, with a selection of 3D images of the optimised design  attached.

Full copy of the ASX statement can be found HERE