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Genex Power Announces Welcomed Approval from the Northern Australia Infrastructure Facility to Proceed to Full Due Diligence Phase

Genex Power Limited (ASX:GNX) (Genex or Company) is pleased to advise that it has received approval from the Northern Australia Infrastructure Facility (NAIF) to proceed to the full due diligence phase for its Stage 2 large-scale solar and hydro pumped storage projects at Kidston in North Queensland. This follows the strategic assessment phase, which involved preliminary and assessment stakeholder consultation.

Genex is currently working on advancing its Stage 2 projects with a view to commencing construction in 2018. The decision by NAIF is a welcome announcement for the Company as discussions progress towards providing the necessary information to NAIF to enable NAIF to make a final investment decision.

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