Genex pumped hydro project sidelined by EnergyAustralia

GENEX Power’s flagship Kidston Pumped Hydro Project may be in doubt after EnergyAustralia’s parent company CLP Group delayed a decision to take power from the project, pushing back a FID on the project into next year, potentially affecting serious loan commitments from the federal government.

Genex pumped hydro project sidelined by EnergyAustralia Genex pumped hydro project sidelined by EnergyAustralia Genex pumped hydro project sidelined by EnergyAustralia Genex pumped hydro project sidelined by EnergyAustralia Genex pumped hydro project sidelined by EnergyAustralia

 

The Kidston pumped hydro project would turn a disused mine site in Northern Queensland into a 250 megawatt pumped hydro generator with seven hours of storage.