MARKETS

Genex completes funding on Kidston Pumped Hydro

RENEWABLE Energy developer Genex Power has launched a A$90 million fully underwritten placement and entitlement offer as part of a A$115 million equity raise to complete financing for the Kidston Pumped Storage Hydro Project – the first pumped hydro plant built in Australia in over 30 years.

Will now own and operate on 100% basis

Will now own and operate on 100% basis

Genex said it has secured the final financial piece of the $777 million project, which will allow it to proceed with the construction and operation of the project on a 100%-owned basis.  Located at...

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