Australia's Genex Power rises on achieving milestone at Queensland project

Genex Power

28/06/2023 04:56

** Shares of Genex Power  GNX.AX  climb as much as 6.9% to
A$0.155, on track for best session since June 9, if gains hold
    ** Co achieves energisation for the 50 megawatt/100 megawatt
hour Bouldercombe Battery project in Queensland
    ** Says energisation signals a major construction milestone
as it enables the project to begin commissioning phase ahead of
full operations commencing
    ** Adds commissioning phase will be completed over the
coming months
    ** GNX says upon completion of commissioning, the project
will be operated under the autobidder offtake agreement with
Tesla's  TSLA.O  Australian unit
    ** Stock up ~7.4% YTD, as of last close

 (Reporting by Upasana Singh in Bengaluru)
 ((Upasana.Singh@thomsonreuters.com))