Genex Power Limited (ASX:GNX) (Genex or Company) is pleased to advise that the Hon. Dr Anthony Lynham, Minister for State Development in Queensland, has made two highly significant declarations in relation to Genex’s Kidston renewable energy project in North Queensland.
1. Expanded “Prescribed Project” Declaration:
The Minister’s original declaration of ‘Prescribed Project’ (refer ASX announcement 3 March 2016), in relation to Genex’s 50MW Solar Project and 250MW Hydro Pumped Storage Project has been expanded under the Minister’s Declaration to include the proposed 270MW Kidston Solar Project area, the existing water pipeline easement from the Copperfield Dam to the Kidston site as well as the designated 180km easement corridor for construction of a 275kV transmission line between the Kidston site and Mount Fox.
2. Declaration of “Critical Infrastructure”:
In addition to the expanded declaration of “Prescribed Project”, the Minster has also declared the entire Kidston Project to be a ‘Critical Infrastructure Project’, pursuant to Section 76E (4) of the State Development and Public Works Organisation Act 1971 (Qld) (Act). The declaration of a ‘Critical Infrastructure Project’ is a designation enjoyed by only one other project in Queensland and demonstrates recognition by the Queensland Government that Genex’s projects are ‘critical or essential for the State for economic, environmental or social reasons.’
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