Nov 05, 2018

Special status for renewable energy hub

Special status for renewable energy hub

The State Government has declared Genex Power’s 250MW Kidston Pumped Storage Hydro Project (K2-Hydro) a Coordinated Project, clearing the pathway to finalise approvals.

“This declaration is recognition of the significant positive benefits that the project will have to the region and state, and coming on the heels of the recently announced Development Approval provides further support from the Office of the Coordinator General as we finalise outstanding environmental approvals ahead of closing the financing and commencing construction in 2019,” Genex chief executive officer James Harding said.

The planned $1 billion Kidston energy hub is comprised of the operating 50MW Stage 1 Solar Project (KS1), the proposed 250MW Pumped Storage Hydro Project (K2-Hydro) and a multi-staged integrated solar project of up to 270MW (K2-Solar), and the Kidston Stage 3 wind project of up to 150MW (under feasibility study).

Genex Power recently appointed specialist power and water consulting firm, Entura, as owner’s engineer for the Kidston Stage 2 projects.

Kidston energy project wins NAIF backing

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