Business
Why the Genex (ASX:GNX) share price is rising today
The Genex Power Ltd (ASX: GNX) share price is rising today following the release of the company’s Kidston Hydro Project update. During late afternoon trade, the Genex share price is up 2.04% to 25 cents.
Let’s take a look at what the power generation and renewable energy storage company reported.
What did Genex announce?
The Genex share price is on the rise today after the company reported a positive update regarding its flagship 250MW Kidston Pumped Storage Hydro Project.
In its release, Genex advised that development and financing activities associated with the project are well advanced. This follows the final investment decision (FID) delivered by the board in late December 2020.
The company stated that final due diligence…
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