Genex Power Ltd. (AU:GNX) has released an update.
Genex Power Ltd. reports a productive quarter with 67,818MWh generated, resulting in a $9.6 million revenue due to improved wholesale power prices. The company achieved key milestones in the construction of their Kidston Pumped Storage Hydro Project, with the powerhouse cavern excavation complete and the Wises Dam nearing completion. Additionally, Genex is poised for future growth with the scheduled energization of the hydro project in early 2025 and a takeover proposal by J-POWER.
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