Simon Kidston: The solar project is ready to go, and we are now planning to commence construction in December.
We have all the permits and all the approvals, we have negotiated a fixed-price contract with UGL, an Australian construction firm, who are very experienced in developing solar projects.
Any cost over-run or delays in construction will be supported by UGL.
Consequently for a small company like Genex Power, developing a solar project is a very good contract.
We are anticipating commencing construction before the end of this year, with the project completed and generating cash flow by Q4 2017.
GNX Price at posting:
26.5¢ Sentiment: Buy Disclosure: Held
