May 2017 Company Presentation
Sydney, May 30, 2017 AEST (ABN Newswire) - Genex Power Ltd (
ASX:GNX) are pleased to present the May 2017 Company Presentation with the following investment highlights:
- Renewable energy generation & energy storage
- Benefiting from transition to low carbon economy
- Strong cash flows backed by Government contract
Stage 1: Solar PV (50MW)
- 20 Year Government Revenue Guarantee
- Funded, construction underway
- First cash flow Q4 2017
Stage 2: Pumped Storage Hydro & Solar Expansion
- 250MW peak generator/energy storage
- "Giant water battery"
- Feasibility completed
- Potential to integrate with 270MW Solar Expansion
To view the presentation, please visit:
http://abnnewswire.net/lnk/L35C72V4
About Genex Power Ltd
Genex Power Limited (ASX:GNX) is focused on developing a portfolio of renewable energy generation and storage projects across Australia. The Company's flagship Kidston Clean Energy Hub, located in north Queensland, will integrate large-scale solar generation with pumped storage hydro. The Kidston Clean Energy Hub is comprised of the operating 50MW stage 1 Solar Project (KS1) and the 250MW Kidston Pumped Storage Hydro Project (K2-Hydro) with potential for further multi-stage wind and solar projects. The 50MW Jemalong Solar Project (JSP) is located in NSW and provides geographical diversification to the Genex Power Limited portfolio. JSP was energised in early December 2020 and commissioning is now underway. Genex is further developing its energy storage portfolio via the early stage development of a 50MW/75MWh standalone battery energy storage system at Bouldercombe in Queensland. With over 400MW of renewable energy and storage projects in development, Genex is well placed as Australia's leading renewable energy and storage company.
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