Genex Power (ASX:GNX) announces Critical Infrastructure Declarations


by Carolyn Herbert

The Queensland Government has declared the Kidston renewable energy hub Critical Infrastructure, which is a very significant declaration for Genex because its one of only two projects in Queensland that has that status.

The Kidston renewable energy project comprises 250 megawatts of pump storage hydro. Pump storage is like a giant water battery which allows energy to be stored and dispatched when it is required.

I think the declaration emphasises that the Queensland Government is very willing to support this project through the development stage, so we can then kick off construction in 2018.  

Carolyn Herbert

Finance News Network
Carolyn joined FNN in August 2015 as the Head of News and also presented the Market at Midday and the Market Wrap. With more than five years of broadcast journalism experience, Carolyn has worked as a finance anchor on the Sky News Business channel and as an anchor and reporter for ABC News. She is also a qualified corporate lawyer specialising in IPOs, takeovers and mergers and acquisitions.