Brief: Genex Power Secures Long-Term Offtake With Stanwell For 258Mw K3w

Genex Power

08/12/2023 01:16

Dec 8 (Reuters) - Genex Power Ltd  GNX.AX :
    * GENEX SECURES LONG-TERM OFFTAKE WITH STANWELL FOR 258MW
K3W
    * OFFTAKE COVERS 50% OF PROJECT GENERATION CAPACITY AT A
FIXED
PRICE OVER 15-YEAR TERM
    * 15-YEAR POWER PURCHASE AGREEMENT WITH STANWELL CORPORATION
FOR
THE 258MW KIDSTON STAGE 3  WIND PROJECT (K3W)
    * AGREEMENT WITH STANWELL WILL ENABLE CO AND J-POWER TO
COMMENCE
DEBT FINANCING PROCESS FOR K3W, TARGETING FID IN CY2024

Source text for Eikon:  ID:nASX9cD0wR 
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