General GNX News, page-169

So it seems that Genex intend to go on developing. What will be interesting is their business model. Possibilities include:

• Build/own/operate - will require raising new capital (equity or finance) for each new project
• Build/Operate - sell off the asset once complete but continue to operate/maintain
• Build only - sell off the entire project once complete.

Could be a mix of the three - for example they might sell part or all of Stage 1 (with Govt-backed power price guarantee this could be attractive to the likes of New Energy Solar) but keep Stage 2 (more upside revenue potential with the ability to provide a lot of dispatchable power during the evening peak).