Contractual close for Kidston

GENEX Power today reached financial contractual close for its flagship 250 megawatt Kidston pumped hydro project that uses a retired goldmine as a storage facility. The full project also involves an already-installed solar farm and a later, stage 3 wind farm.

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Construction begins this month

Contractual close secures all external financing to reach financial close, planned for May, after a late-April extraordinary general meeting.