Genex Power Limited has announced that the Australian Energy Market Operator (AEMO) has completed its assessment of the Generator Performance Standards (GPS) for the Kidston Pumped Storage Hydro Project (K2-Hydro or Project) and has issued their GPS approval for the Project by way of providing a letter pursuant to clause 5.3.4A of the National Electricity Rules.
AEMO, via transmission network service provider Powerlink Queensland, has determined that the project can operate in accordance with the required electricity standards of the National Electricity Market (NEM). As a synchronous, scheduled generator, the project will provide grid strength and stability attributes to the NEM, in particular, the North Queensland region.
The GPS approval is one of the most complex and significant milestones for K2-Hydro following a long and detailed submission process with AEMO and also satisfies a key condition in Powerlink’s Offer to Connect, marking one of the final Project approvals required for financial close.
