Feb 14 (Reuters) - Genex Power Ltd (GNX) :
- Genex reaches project financial close for Kidston Solar Project phase one 50MW
- Approximately $100m project finance from clean energy finance corporation and société générale
- Project finance equity and arena funding in place to fund project development costs
- Project construction remains on target for first generation and cash flow by q4 2017
- In addition to debt and equity funding, genex will also draw on $8.85 million of grant funding from australian renewable energy agency for project development costs
- Successfully achieved financial close for kidston solar project phase one 50MW (KSP1 or project)
