Source: Genex Power
In December 2017, UGL Limited – a CIMIG Group member – was selected as the preferred engineering, procurement and construction (EPC) contractor for K2-Solar.
Genex Power is currently advancing towards closing the EPC contracts with UGL for K2-Solar as well as with the McConnell Dowell – Downer EDI joint venture for K2-Hydro. The two EPC contracts are expected to be finalised by the end of June 2018. The company is also focusing on bringing in financial close for the entire Kidston 2 Hydro-Solar project.
“After several months of detailed market engagement, we are now in negotiations in regards to securing debt funding for our Kidston Stage 2 project with a select group of partners. Genex’s main focus remains on progressing the Kidston Stage 2 projects to financial close in calendar year 2018,” Genex Power Managing Director Michael Addison said.
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