Brief: Genex Power Updates On Fortescue Offtake

Genex Power

21/12/2023 23:33

Dec 22 (Reuters) - Genex Power  GNX.AX :
    * AGREED WITH FORTESCUE EXTENSION OF SUNSET DATE FOR
ACHIEVING
FINAL INVESTMENT DECISION IN RESPECT OF GIBSON ISLAND TO 28 FEB
2024
    * UNIT ENTERED 25-YEAR PPA WITH FORTESCUE
    * PPA FOR 337.5MW OF CAPACITY FROM LARGE-SCALE FIRST STAGE
SOLAR
FARM AT BULLI CREEK SOLAR AND BATTERY PROJECT
    * PARTIES HAVE ALSO AGREED TO EXTEND SUNSET DATE FOR
ACHIEVING
FINANCIAL CLOSE OF BCS TO 31 MARCH 2025


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