GNX 0.00% 27.5¢ genex power limited

Ann: Completion of Kidston Hydro Technical Feasibility Study, page-35

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    Simon Kidston: The solar project is ready to go, and we are now planning to commence construction in December.
    We have all the permits and all the approvals, we have negotiated a fixed-price contract with UGL, an Australian construction firm, who are very experienced in developing solar projects.
    Any cost over-run or delays in construction will be supported by UGL.
    Consequently for a small company like Genex Power, developing a solar project is a very good contract.
    We are anticipating commencing construction before the end of this year, with the project completed and generating cash flow by Q4 2017.
 
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