Genex Power Limited has issued Notice to Proceed under two key construction contracts to commence the construction of the 250 MW Kidston Pumped Storage Hydro Project (K2-Hydro). The EPC scope includes dam construction, underground and waterway civil works, and the full powerhouse fit-out (including supply and installation of all electromechanical equipment).
In addition, Genex has issued Notice to Proceed under the design and construct (D&C) contract with Energy Solutions Pty Ltd trading as Beon for the surface connection assets. The D&C scope includes a new substation at Kidston to connect into the Powerlink transmission line, and new 275 kV transmission infrastructure to connect from the substation to the EPC works.
The issuance of Notice to Proceed under these two contracts formally commences the construction program for the project, which is expected to take 3.75 years to complete.
Allens has advised Northern Australia Infrastructure Facility (NAIF) on the AUD610 million (US$428 million) financing of the K2 project.
