GNX 0.00% 27.5¢ genex power limited

General GNX News, page-346

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    Just quickly. Not sure about which reports you refer to but construction of KH1 will be anywhere between $550m-650m imho. A lot depends on the type of contract they are going to sign etc. For example KS1 was a fixed priced contract for $110m but that included engineering, procurement and construction and also included 5 years of operation and maintenance.

    So we have indicative funding of up to $610m from NAIF and potentially another $25m from J-Power. The final piece of the puzzle for me will be what the agreement with Energy Australia will look like.

    In the meantime the only engineering for the Kidston hub is done on the financial side
 
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