Few key points.
*Jemalong looking neat. Now to that PPA before energisation...
*K2H extensions granted to December 31st for all necessary contracts.
*GNX/UGL have exited the KS1 O&M agreement which was initially signed for five years in Dec 2016 with Genex holding a five-year option to extend.
In Feb this year, UGL exited the EPC/O&M market in solar and I'm glad we've worked out a way to allow their business to pivot, while ensuring we're compensation for recent downtime. UGL was initially appointed Jemalong EPC contractor before we switched them out for Beon. Beon is a class unit and after the success of Jemalong this year I'd expect them to pick up KS1, and KS2 if we get there.
Regards
Jeremy
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