Genex Power Limited (ASX:GNX) (Genex or Company) is pleased to announce that, following successful transformer energisation of the Kidston Solar Stage 1 Project (KS1 or Project) (refer ASX announcement 24 November 2017), Genex has now generated its first revenue from KS1.
Electricity produced from the Project is now being transmitted into the National Electricity Market (NEM). As commissioning for the Project is completed over the coming months, electricity generation will be ramped-up until full capacity has been reached, at which point the 20-year Revenue Support Deed with the Queensland State Government will be initiated (refer ASX announcement 22 December 2016).
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