Hydropower / Pumped Hydro Energy StorageProject Kidston Pumped Hydro Energy Storage
This lessons learned report provides a detailed analysis on the project cost, timing, and movements to date and how these could potentially be mitigated in future projects.
Genex Power Limited (Genex, Company or Owner) is the 100% owner and developer of the Kidston Clean Energy Hub, located in North Queensland (the Kidston Hub). Stage 1 of the Kidston Hub was completed in the form of the 50MW Stage 1 Kidston Solar Project, which was energised in November 2017.
Stage 2 of the Kidston Hub is the 250MW Pumped Storage Hydro Project (K2-Hydro or Project) which is currently under construction, having reached financial close in May 2021. A further Stage 3 of the Kidston Hub, being a wind project of approximately 150MW, is currently in feasibility stages along with a potential co-located solar farm of up to 270MW.
This Lessons Learnt Report will aim to provide a detailed analysis on the Project cost and time movements to date and how these could potentially be mitigated in the future.