Genex Power is a very simple story. We use very mature technology and we're benefiting from the structural change in the economy, away from carbon to renewable energy.
Because of that structural change, we are benefiting from a huge amount of government support in the form of government backed cash flows, which will underpin the company's development going forward.
We are developing two projects. The first project is a large scale solar farm and we are about to commence construction on that project. We have just completed the feasibility for a pump storage hydro project and we anticipate that project will commence construction next year.
We have been listed for almost 18 months and we have had strong momentum in the share market in the last 9 months and that's reflecting the fact that the government is now very committed to renewable energy.
