Genex Power (ASX:GNX) announces Critical Infrastructure Declarations
Genex Power (ASX:GNX) Executive Director Simon Kidston talks about the company's receipt of Critical Infrastructure Declarations by the Queensland Government for its renewable energy projects in North Queensland.
The Kidston renewable energy project comprises 250 megawatts of pump storage hydro. Pump storage is like a giant water battery which allows energy to be stored and dispatched when it is required.
I think the declaration emphasises that the Queensland Government is very willing to support this project through the development stage, so we can then kick off construction in 2018.
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