“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.
GNX Price at posting:
16.0¢ Sentiment: Buy Disclosure: Held
