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Genex Power Ltd receives key environmental approval for Kidston Solar Project

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Genex Power Ltd (ASX:GNX) has received confirmation from the Queensland Government Department of Environment and Heritage Protection validating the company’s Environmental Authority over the Kidston solar photovoltaic project.

The department confirmed that Kidston’s Environmental Authority, which is a prerequisite for any environmentally relevant activities, does not require any amendment to enable the construction.

Together with the recent Development Approval and freehold land acquisition, all other material approvals and titles are now in place to start the construction.

The Kidston Solar Project, which is on track to be the largest solar farm in Australia, is located near Georgetown in Northern Queensland.

The project will be constructed on the tailings storage facility of the former Kidston Gold Mine, mitigating the need for significant capital expenditure.

The 50 megawatt project, with a potential to expand to 150 megawatt over time, is expected to contribute significantly to Australia’s renewable energy target.

The feasibility study for the project is currently underway, with construction planned to commence in 2017.

 

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