Genex’s Kidston Project on budget

Company News

by David Murdoch

Genex Power Limited (ASX:GNX) has reported phase one of its Kidston Solar Project remains on time and on budget.

The project is anticipated to generate power for the first time in the final quarter of 2017.

The Solar Project is located in Northern Queensland on the site of the historical Kidston Gold Mine, west of Townsville.

Genex says the project team continues to deliver construction milestones such as sub-station connection, and the acceleration of panel installation and cabling.

Shares in Genex (ASX:GNX) are trading up 2.04 per cent to 25 cents