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Jul 11, 2019

Kidston hydro gets NAIF funding

Kidston hydro gets NAIF funding Genex Power has received a $610 million loan for a pumped hydro project at the former Kidston mine site.

The Federal Government will stump up a $610 million loan to Genex Power to finance the Kidston Stage 2 Pumped Storage Hydro Project (K2_Hydro). The project is on the old Kidston Mine south west of Cairns. The long-term concessional debt facility comes out of the Northern Australia Infrastructure Facility. The K2 Hydro project was progressing…

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