The construction of the 500 megawatts (MW) Kidston Hydro-Solar Project is one step closer after the signing of an agreement between Powerlink and Genex Power Limited to progress Stage 2.
Minister Assisting the Premier on North Queensland Coralee O’Rourke welcomes the signing of a Heads of Agreement between the Queensland Government owned Powerlink and Genex.
“The huge stage two of the Kidston Hydro-Solar Project comprises the 250MW Kidston Pumped Hydro Project and the 270MW Kidston Solar Project at the site of the former Kidston Gold Mine in North Queensland.”
“It follows the 50 MW Kidston stage one solar farm currently under construction, financially supported by the Palaszczuk Government’s Solar 150 program, which provides a 20-year revenue guarantee.”
Stage one involves approximately 100 construction jobs and in total, both stages will support up to 500 construction jobs and 18 operational positions when online.
“The Kidston Hydro-Solar project is a key part of the clean energy boom occurring in Queensland and proof Palaszczuk Labor Government getting the policy settings for the renewable energy sector right.”
“Our Powering North Queensland Plan announced earlier this year includes a $150 million investment towards the development of a strategic transmission line to support projects like Kidston through the establishment of a North Queensland Clean Energy Hub.”
Powerlink is currently undertaking a feasibility study into the North Queensland Clean Energy Hub, due for completion early 2018.
“The initial studies and early work being undertaken by Powerlink for the Genex project will be one of many inputs to that feasibility study.”