GenusPlus Group Secures Two-Part Tasmanian Transmission Contract

MT Newswires Live

Dec 24, 2024

GenusPlus Group (ASX:GNP) secured a two-part contract for the North West Transmission Developments project of the Tasmanian state government-owned firm TasNetworks, according to a Tuesday filing with the Australian bourse.

Part one of the contract involves the early contractor involvement phase of the project with a total value of AU$42 million for the design, procurement, and construction of 220-kilovolt transmission lines, construction of the Heybridge switching station, and the augmentation of transmission lines at three substations.

The construction phase of the contract is still subject to a final investment decision, planning and environmental clearances, and a revenue determination from the Australian Energy Regulator, per the filing.

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