Australia's Genex Power falls on fire incident at project site

Genex Power

27/09/2023 01:48

** Shares of Genex Power  GNX.AX  fall as much as 6.3% to
A$0.150, their lowest level since Sept 13
    ** Stock sees worst day since Aug 29
    ** Electric utilities co says minor fire incident took place
at its Bouldercombe Battery Project
    ** Co says fire currently contained and site disconnected
from the grid
    ** Co adds it is working with Tesla Motors Australia Pty Ltd
and Consolidated Power Projects Pty Ltd to investigate root
cause of the incident
    ** Stock has risen 18.5% this year as of last close

 (Reporting by Shivangi Lahiri in Bengaluru)
 ((Shivangi.Lahiri@thomsonreuters.com;))