Make MENAFN My Home Page
 
  Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Genex Power Ltd(ASX:GNX)Kidston Solar Project Phase One 50MW Update  Join our daily free Newsletter

MENAFN - ABN Newswire - 20/04/2017
No. of Ratings : 0
Add to Mixx!



(MENAFN - ABN Newswire) Sydney, April 20, 2017 AEST (ABN Newswire) - Genex Power Limited (ASX:GNX) (Genex or Company) is pleased to advise that the construction program for Phase One 50MW Kidston Solar Project (KSP1 or Project) remains on track.

Construction progress

Key activities since the last update on 15 March 2017 include:

- Site clearing more than 50% complete
- Construction site facilities installed
- Ergon substation at Kidston civil works completed
- Access road construction underway
- Earthworks underway for the solar farm substation and O&M platform
- Laydown area for materials storage and component assembly 70% complete
- Order placed for the main transformer for the solar farm substation.

The Project remains on budget and on track for First Generation inQ4 2017 and Practical Completion in Q1 2018.


Commenting, Managing Director of Genex Power Michael Addison said, "activity on site continues to ramp up with the construction program well underway. Genex remains very focused on delivering the project on time and on budget. The outlook for wholesale electricity and Large-scale Generation Certificates (LGCs) remains very strong which has the potential to deliver strong early cash flows to Genex".

The Federal Government, through the Australian Renewable Energy Agency has provided 8.9 million funding to support the construction of the 126 million Kidston Solar Farm.

To view figures, please visit:
http://abnnewswire.net/lnk/A74AOGYH


About Genex Power Ltd

MENAFN2004201701110000ID1095407032

 
 


ABN Newswire




Loading, Please wait....


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help