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Genex Power Announces Solar Project (Phase One 50MW) Update - Potential for up to $16.8M Revenue and $15.2M EBITDA

Construction progress

Following Financial Close of the Phase One 50MW Kidston Solar Project (KSP1 or Project), Genex Power Limited (ASX:GNX) (Genex or Company) is pleased to advise that the construction program is well underway and remains on track. Key activities include:

• Site clearing commenced
• Detailed design 30% complete
• Construction camp operational with accommodation available for 84 personnel
• Kidston substation civil works 50% complete and on track for completion and handover to Ergon in April 2017
• Orders placed for major components including solar panel modules, tracking system frames and inverters

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