(MENAFN- ABN Newswire) Sydney, Aug 29, 2017 AEST (ABN Newswire) - Genex Power Limited () (Genex or Company) is pleased to advise that Queensland's Department of Energy and Water Supply (DEWS) has issued Genex's wholly owned subsidiary, Genex (Solar) Pty Ltd, a Generation Authority for the 50 MW Kidston Solar Stage 1 (KS1).
The Generation Authority is a critical regulatory requirement to enable any new power station to connect to the National Electricity Market (NEM).
Commenting on the issuing of the Generation Authority, Genex's Managing Director Michael Addison said: "Genex continues to work constructively with Queensland's Department of Energy and Water Supply to develop KS1. The Generation Authority is a critical regulatory requirement and Genex is pleased to have secured this milestone. By securing the Generation Authority, Genex is now one step closer to energisation and first revenue in December 2017 with Practical Completion in Q1 2018."
About Genex Power Ltd
() is a power generation development company listed on the ASX. The Company is focused on innovative clean energy generation and electricity storage solutions which deliver attractive commercial returns for shareholders. Following Financial Close of Kidston Solar Stage 1 (50MW) Project, the Company's focus will now move onto the development of its 250MW Kidston Pumped Storage Hydro Project and the Kidston Solar Project Phase Two 270MW located at the Kidston Renewable Energy Hub, in Northern Queensland.
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