News: GNX Genex Power seeks trading halt, page-31

Masterblaster,

The total project has been stated as a $580 million project - cannot remember where I got this figure from but was from announcement. This was for the PHS and the solar project back when the PHS was a 350MW project, so it was $580 million for 500MW installed capacity.

Therefore I would assume that its approximately $1 million per MW, so will be a $50 - 60 million dollar project.

They are looking at financing from the following locations;
- $100m in grant funding from ARENA
- $250m in debt funding from CEFC to support the ARENA projects
- Genex is also in discussions with debt funders (including CEFC outside of the ARENA projects scope) regarding project funding.

Given that there is nothing novel about the technology being installed, I assume that they will be able to secure most (60%+) funding from debt for the initial solar project.

Hope this helps.