GNX 2.38% 21.5¢ genex power limited

Ann: Trading Halt-GNX.AX, page-13

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  1. dej
    383 Posts.
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    From the reneweconomy article:

    “It is now up to successful companies to deliver these projects in line with ARENA’s requirements, which could see all plants built by the end of next year. This is an aggressive timetable to lock in financing, off take arrangements, connection agreements and required approvals"

    Connection Agreement:
    10/05/2016 Connection Agreement signed with Ergon for Kidston Solar

    Environmental Approval:
    05/05/2016 Kidston Solar Project Receives Environmental Approval

    Prescribed Project:
    03/03/2016 Kidston Declared a Precribed Project by Qld State Government

    Development Approval:
    02/02/2016 GNX Receives Development Approval for Kidston Solar Project

    Debt Financing:
    16/05/2016 Debt Funding Mandate with Societe Generale for Kidston Solar

    Obviously need to finalise a few things but looks like we are well along the route of success for those requirements....

    Genex timeline says breaking ground in Q4 (Oct - Nov - Dec) this year.
 
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