Genex Power Limited (ASX:GNX) is pleased to provide the following update on the Company's activities and performance for the quarter ending 31 March 2021 (Q3 FY2021), a period during which the Company made substantial progress with its Kidston Pumped Storage Hydro Project.
Genex Power Limited (ASX:GNX) is pleased to announce that, further to its announcement of Project Document Contractual Close on 31 March 2021, it has today issued Notice to Proceed under two key construction contracts to formally commence construction of the 250MW Kidston Pumped Storage Hydro Project.
Genex Power Limited (ASX:GNX) refers to its ASX release of 24 March 2021 announcing the accelerated 11 for 20 non-renounceable entitlement offer of new ordinary shares in the Company (New Shares) at $0.20 per New Share.
Genex Power Limited (ASX:GNX) is pleased to announce that, further to its announcement of Project Document Contractual Close on 31 March 2021, it has today reached Finance Document Contractual Close for the 250MW Kidston Pumped Storage Hydro Project.
Genex Power Limited (ASX:GNX) is pleased to announce that it has completed the execution of the major project documentation and as a result reached Project Document Contractual Close ('PD Contractual Close') for the 250MW Kidston Pumped Storage Hydro Project
The Placement and IEO raised approximately $56.0M as part of the Company's fully underwritten $90.3M equity raise ('Offer' or 'Equity Raise') announced on Wednesday, 24 March 2021.
Genex Power Limited (ASX:GNX) is pleased to announce that it has received a conditional offer for grant funding totalling up to $47M from the Australian Renewable Energy Agency ('ARENA') for the Kidston Pumped Storage Hydro Project
