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Genex energizes Kidston solar project

Genex Power has successfully achieved solar substation energisation (Energisation) of the Kidston Stage 1 Solar Project.

Energisation is a major construction milestone and also represents a significant event in the development of the Company.

Energisation is one of the most important testing and commissioning steps before electricity can be exported from the Project into the National Electricity Market (NEM).

Genex is also pleased to report that it has achieved registration by the Australian Energy Market Operator (AEMO) as a Market Generator, and has thus completed all technical and regulatory processes to enable the export of electricity into the NEM.

Commenting on these significant milestones, Genex's Managing Director Michael Addison stated:

"Energisation of the solar substation is a crucial milestone in the commissioning for any large-scale renewable energy project. The smooth development of the Project to date is a reflection of the significant dedication and effort by the project delivery team. With all necessary regulatory approvals in place Genex is now able to complete the final steps to enable the dispatch of electricity into the NEM.

With first generation and revenue scheduled for early December 2017, we are pleased to reconfirm that the development remains on time and on budget.

I would also like to take this opportunity to acknowledge the support of the Commonwealth and Queensland State Governments. The Commonwealth Government, through the Australian Renewable Energy Agency, has continued to support Genex Power's Kidston Renewable Energy Hub, providing $8.9 million in funding for KS1 and up to $9 million for Stage 2. The Queensland Government, by providing a 20-year revenue support deed and by designating the Project "Critical Infrastructure", significantly contributed to the success of the Project".