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$610M energy project secures additional funding

Genex Power
Genex Power

A power generation development company has received a funding injection for its $610 million energy project in North Queensland.

The State Government is investing up to $132 million into Genex Power’s 250 megawatt Kidston Pumped Storage Hydro and Solar Development, 270 km northwest of Townsville.

1180 jobs promised

The deal effectively secures the future of 1180 construction jobs through having the government-funded Powerlink construct a single circuit transmission line from Genex’s Kidston site to Mount Fox near Ingham, linking the hinterland to the National Electricity Market.

Detailed planning is expected to start soon, with work expected to begin on site as early as 2020 after the wet season has ended in April.

“Building this breakthrough 186 km transmission line and associated infrastructure will create 400 jobs over two years,” State Energy Minister Anthony Lynham said in a public statement. “The Genex project itself will have a peak construction workforce of about 500 people per annum for the first two years, 250 in the final year and 30 permanent operational jobs.

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Head contractors revealed

QMEB can reveal the McConnell Dowell and John Holland joint venture won the engineering, procurement and construction contract as well as the operation and maintenance tender. Entura continues to be the engineering consultant.

None of the jobs are advertised yet.

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