Genex Power Limited provided an update on its activities and performance for the quarter ended 31 December 2023

Genex Power Limited (ASX: GNX) provided an update on its activities and performance for the quarter ended 31 December 2023. During the period, the company's Kidston Solar Project (KS1) and the Jemalong Solar Project (JSP) generated 30,791MWh and 30,975MWh, respectively, renewable energy for total revenue of AU$6.2 million.

During the quarter, work on the ongoing subsurface digging, and construction of the dam remained a top priority for K2-Hydro. The construction is scheduled to be completed in the 2HFY24. The Tesla Megapacks' foundations were constructed as part of ongoing construction at BBP during the Period. At the end of the quarter on December 31, 2022, the firm had AU$65.3 million in cash in the bank.

Customer Notice:

Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.

Kapitales Research, Level 13, Suite 1A, 465 Victoria Ave, Chatswood, NSW 2067, Australia | 1800 005 780 | info@kapitales.com