GNX Kidston capital raising presentation;
Stage 1 - Phase 1 solar - 50MW solar - constructing now, operational October 2017
Stage 2 - Flagship and raison d'etre - pumped hydro storage - feasibility completed 2016, financial close 2017, construction start Q1 2018, operational Q1 2021
Stage 3 - Phase 2 solar - feasibility Q1 2017, construction Q1 2018, operational Q1 2020
Australian Financial Review Feb 21 2017 at 1:30 PM Updated 5 mins ago, Malcolm Turnbull funds pumped hydro storage project
"EnergyAustralia managing director Catherine Tanna on Tuesday briefed the federal
government's energy committee of cabinet on the potential project which could be
operational by the summer of 2020-2021."
So Cultana Energy Australia and Kidston Pumped Hydro both due to start operations in same Q1 2021.
GNX Price at posting:
22.5¢ Sentiment: Hold Disclosure: Held
