Business
Here’s why the Genex (ASX:GNX) share price has jumped 13% today
The Genex Power Ltd (ASX: GNX) share price jumped higher on news the company has started early work on the Kidston K2-hydro project.
At the time of writing, the Genex share price is trading up 12.82% at 22 cents.
Why did the Genex share price move?
The power generation company advised it has started an early works program on its K2-hydro project in North Queensland after entering an agreement with Powerlink.
The deal will see Powerlink develop a new 275kV transmission line connecting the K2-Hydro project to the national electricity market (NEM), which it will then own and operate.
In preparation for the project’s construction phase, Genex has also started works associated with the Oaks Rush construction camp. The company will…
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