Genex Power has received Development Approval (DA) from the Etheridge Shire Council (ESC) for its 250MW Pumped Storage Hydro Project (K2-Hydro).
Genex Power CEO James Harding said the DA is one of the last remaining milestones in the K2-Hydro permitting process, which is required prior to financial close and then construction.
“The receipt of the DA is the culmination of a lot of effort and coordination between Genex and the Etheridge Shire Council over a long period of time and we would like to sincerely acknowledge and thank the council for their efforts,” he said.
The DA process involved referrals to several state government entities, including the Department of Natural Resources, Mines and Energy (DNRME) for the approval of the Wises Dam structure, the Department of State Development, Manufacturing, Infrastructure and Planning, and Ergon Energy.
The DA represents a significant milestone for the project, which remains on track to commence construction in 2019..
“The Etheridge Shire Council is very supportive of Genex’s pumped storage hydro project and the significant job creation and economic development it will bring to the region,” Etheridge Mayor Warren Devlin said.