GNX 2.38% 21.5¢ genex power limited

Not sure if you missed something. The little map Page 2 from...

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 4,530 Posts.
    lightbulb Created with Sketch. 53
    Not  sure if you missed something.

    The little map Page 2 from your link shows an 800 km transmission line route between the projects.  There isn't much mileage from $150m. Its about 12% of what is needed.

    Must read these things carefully -

    "The government will invest a further $100 million to help
    fund a 50 megawatt hydro-electric power station at the (Burdekin Falls)
    dam, subject to completion of the business case."

    "The Queensland Government will commit $150 million to
    develop strategic transmission infrastructure in North
    and North-west Queensland to support a clean energy
    hub, subject to a feasibility study."

    The map from Powerlink shows the 185 km of 275 kV transmission line that is needed just for Genex and the $150m only pays for half of it.  Does that mean all the other renewable projects shown on Page 2 are out in the cold already?

    Anyway, probably all stitched up long ago.

    Genex Transmission.PNG
 
watchlist Created with Sketch. Add GNX (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.