GNX 1.89% 27.0¢ genex power limited

Callide B and Gladstone (NRG) are the first to close in Qld. Up...

  1. 261 Posts.
    lightbulb Created with Sketch. 30
    Callide B and Gladstone (NRG) are the first to close in Qld. Up until Callide C failed B load was reduced, and most of Gladstone's load comes from Rio Tinto's Boyne Aluminium Smelter. There's about 4GW of wind and solar planned for CQ in the next 5 yrs, the map below shows the proposed developments and doesn't include the big batteries planned for Raglan, Gladstone South and Gin Gin? Callide B was planned for 2025, I think it's 2028 now, Gladstone, being part owned by Rio Tinto, will likely close once Upper Calliope is online. Officially I think it's date is 2033, but it's been averaging below 50% availability for yrs now and 2033 doesn't align with Rio's emissions reduction pathway.

    If anything Qld atm has too much renewables and are desperate for a coal power station to close, there's lots of curtailment of the utility solar farms out west to fit in all the rooftop solar. The grid can take a coal closure without even flinching currently, there's a surplus of RE but it's not getting where it should be, what we need is more batteries and transmission.
    https://hotcopper.com.au/data/attachments/5970/5970110-733f5e44c166e8e7c78a79487187335a.jpg
    Last edited by chemistry8: 18/02/24
 
watchlist Created with Sketch. Add GNX (ASX) to my watchlist
(20min delay)
Last
27.0¢
Change
0.005(1.89%)
Mkt cap ! $373.9M
Open High Low Value Volume
26.5¢ 27.0¢ 26.5¢ $1.584M 5.923M

Buyers (Bids)

No. Vol. Price($)
43 40800106 26.5¢
 

Sellers (Offers)

Price($) Vol. No.
27.0¢ 7395130 88
View Market Depth
Last trade - 15.58pm 31/05/2024 (20 minute delay) ?
Last
26.8¢
  Change
0.005 ( 0.00 %)
Open High Low Volume
26.8¢ 27.0¢ 26.8¢ 3291213
Last updated 15.58pm 31/05/2024 ?
GNX (ASX) Chart
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.