Genex Power Limited (ASX:GNX)(Genex or Company) is pleased to provide an update in relation to the development of the 270MW Kidston Stage 2 Solar project (K2-Solar) at Kidston, North Queensland. The K2-Solar project is part of the overall Kidston Stage 2 (K2) project, which includes a co-located 250MW hydro pumped storage project (K2-Hydro).
Following engagement with a number of leading EPC contractors, Genex has appointed UGL as its preferred Engineering, Procurement and Construction (EPC) Contractor for the K2-Solar project. UGL is a wholly-owned subsidiary of Australian publicly listed company CIMIC Group Limited (ASX: CIM), which is a world-leading infrastructure, mining, services and public private partnerships group. UGL was also engaged by Genex as EPC contractor for the 50MW Kidston Solar One project (KS1), which commenced generation on schedule and within budget earlier this month (refer ASX announcement 4 December 2017).
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