Genex Power Ltd has received approval from the Northern Australia Infrastructure Facility (NAIF) to begin stage two of its solar-hydro project. The project has been declared as critical infrastructure by the Queensland government and is a series of stages (two solar and one hydro stage) that ultimately seek to create clean energy for northern Queensland.
Kidston Solar Stage One is currently underway with an output of 50 MW. Kidston Solar Stage Two will produce 270 MW. The Kidston Pumped Hydro Project will also be developed as a part of the development with and output of 250 MW. The Kidston site was formerly a gold mine and the pressure differential between two onsite reservoirs will be utilised to generate energy. For more see here.
NAIF will make a decision regarding the loaning of public money for the project in the coming months.
Click here for further information on Kingfisher agribusiness lawyers
Kingfisher Law are Australia's agribusiness legal specialists and will discuss any legal issue you may be experiencing, in a confidential and professional manner. Simply phone 1300 529 424 to book a no obligation initial consultation.