News: GNX Genex Power seeks trading halt, page-29

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dej

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12/05/16

07:41

Post #: 17742786
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Originally posted by alspong ↑

Nice work Dej ,
I'm not sure if it's been mentioned here but what really lights me up about this project is that it's going to produce dispatchable power.
The NEM uses a merit order effect which means the cheapest production of energy goes first. If it uses solar it's free, or night time baseload (pretty cheap), and then can sell into the NEM market place at times of highest demand and price.
If it were to use solar to pump in the mornings then it could also get REC'S for power sold into the late afternoon/ evening demand curve .
The only hiccup I see is that the government is failing to lower the returns it expects to get from the Clean energy
Fiance Corporation to reflect lower global interest rates. This puts Genex at a disadvantage as the CEFC, IMO, would be pretty interested in a project like this...let's hope competitive finance is available else where - but what a pity we as Australians can't all benefit from an amazing project because our current lib/nat government hates renewables even with Turnbull at the helm

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Regarding financing - I think the China connection could be a good one. Even though its on the Hydro, there is still plenty of money floating around which will be at a more competitive rate given they don't have many places to put it.

Just my 2 cents.

GNX Price at posting: 14.0¢ Sentiment: Buy Disclosure: Held
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News: GNX Genex Power seeks trading halt, page-29

Top Stories

Auric sniffs gold up to 12.1g/t through drilling at Spargoville prospects

NT Gov't delivers environmental approval for Empire Energy's Beetaloo Carpentaria pilot gas play

InhaleRX gains approval for clinical trial to test non-opioid therapy for cancer pain

Tyranna wraps up lithium drilling in Angola; says looking for other projects with different metals

Recce scores $6.75M R&D rebate

CuFe sells its Crossroads gold royalty to Northern Star for $4M cash; says better than waiting for mine launch

Blue Star Helium sees approval for five more wells at 'Galactica/Pegasus' project in Colorado

Cyclone signs MOU with Vale for development of Iron Bear play

Bigtincan's Board backs Investcorp offer: Why a NASDAQ listing could be game-changing

To make modern missiles, you need 3D Printing. And in that gold rush, Amaero is selling shovels