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GENEX Power has signed a $100 million debt funding arrangement with Societe Generale and the Clean Energy Finance Corporation to fund engineering, construction and procurement and operation and maintenance costs of Phase One of its Kidston Solar project in far north Queensland.

Karma Barndon
Genex Power plans to turn the old Kidston gold mine pits into a pumped hydro power station.

Genex Power plans to turn the old Kidston gold mine pits into a pumped hydro power station.

Construction of the project is being managed by UGL Engineering, with first generation from the solar panels into the grid expected in 2017’s fourth quarter and practical completion in the first quarter...

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