Genex Power Limited is an ASX-listed company focused on developing a portfolio of renewable energy generation and storage projects in Australia. Genex’s diverse portfolio includes large-scale batteries, pumped storage hydro, wind and solar across Qld and NSW. The Company’s flagship Kidston Clean Energy Hub, located in north Queensland, will integrate large-scale solar generation with pumped storage hydro and wind energy. The Kidston Clean Energy Hub comprises the operating 50MW stage 1 Solar Project, the 250MW Kidston Pumped Storage Hydro Project which is currently under construction and the 258MW Kidston Wind Project which is currently in development, with potential for a further 270MW Solar Project.
Genex Power’s Kidston Pumped Storage Hydro Project (K2-Hydro) is the first pumped hydro project to be developed in over 40 years in Australia. K2-Hydro is currently under construction and is expected to be operational in 2025. Genex is further expanding its energy storage portfolio via the development of a 50MW/100MWh standalone battery energy storage system at Bouldercombe in Queensland. With over 2.25GW of renewable energy & storage projects in development, Genex is well placed as Australia’s leading renewable energy and storage company.
Board
Dr. Ralph Craven
Ind. Non-Executive Chairman
Dr Craven has been a full time, non-executive director for over 10 years with respected credentials in the planning, development and operation of transmission and power generation infrastructure. Appointed Chair of Genex Power in 2014, Dr. Craven is the former Chairman of Stanwell Corporation Limited and Ergon Energy Corporation Ltd. Dr. Craven is also currently a Non-Executive Director of Senex Energy (ASX:SXY), AusNet Services Limited (ASX:AST) and Independent Non-Executive Chair of Multicom Resources Limited.
Simon Kidston
Non-Executive Director
Simon has an investment banking background with almost 30 years global experience with groups such as Macquarie Bank and HSBC. He has a Bachelor of Commerce degree from Griffith University, a Graduate Diploma in Applied Finance and Investment from the Securities Institute of Australia and is a Member of the Australian Institute of Company Directors.
Ben Guo
Non-Executive Director
Ben has over 10 years management experience in Australia. He held senior operational roles at Carabella Resources and Estrella Resources. Ben has previously worked at PriceWaterhouseCooper and Ernst & Young. Ben is currently a finance PhD candidate at the University of New South Wales. He is also fluent in both Mandarin and English.
Kenichi Seshimo
Non-Executive Director
Mr Seshimo has worked in the electric power development and energy industry, in different countries, for more than 30 years. He commenced his career with a leading Japanese trading company and held roles in which he was involved in various international overseas electric power projects. This included a period in which he was based in Ho Chi Minh City, Vietnam where he was project manager for a Gas Combined Cycle corporation.
Teresa Dyson
Non-Executive Director
Teresa is a non-executive director and Audit & Risk Committee Chair of Seven West Media Ltd and Shine Justice Ltd and non-executive director of LGIAsuper, Power & Water Corporation, National Housing Finance & Investment Corporation and the Gold Coast Hospital & Health Board. She is a member of the Foreign Investment Review Board and the Takeovers Panel. Teresa was awarded Woman Lawyer of the Year in 2011 by the Women Lawyers Association of Queensland.
Management
Craig Francis
Chief Executive Officer
Craig has over 10 years’ finance and investment banking experience in the natural resources, energy and renewables sectors in both Australia and the UK. He joined Genex in 2017 from Cantor Fitzgerald Europe, where he focused on advising clients in the energy sector on equity and debt capital markets transactions, M&A and other corporate finance transactions. Prior to this, Craig worked with boutique corporate finance advisers RFC Ambrian and Helmsec Global Capital in London and Sydney.
Patrick McCarthy
Chief Financial Officer
Patrick is an experienced energy executive, having been involved in the renewable energy sector in Australia and the UK since 2009. A Chartered Accountant, he has previously worked at ASX-listed Infigen Energy Ltd (acquired by Iberdrola) and Macquarie Asset Management (Green Investment Group), where he was involved in the acquisition of the Green Investment Bank by Macquarie Group. Most recently, Patrick has worked at Brighte Energy and at Elgin Energy Australia.
Arran McGhie
Chief Operations Officer
Arran has over 20 years experience in project delivery of large underground mine development and urban infrastructure projects, in Australia and overseas. Arran was involved in the construction of the Olympic Dam Expansion Project and Newcrest’s Ridgeway Gold Project. He also held key roles on the construction of the Cross City Tunnel and Lane Cove Tunnel projects in Sydney as well as the Northern Sewerage Project in Melbourne. Prior to joining Genex, Arran played a key role in the negotiation of a $150 million mining services contract for Thiess with Antafagasta Minerals in Chile.
Ben Williams
General Manager – Development and Construction
Ben has over 12 years of renewable energy experience, working from project development and sales through to construction and operations. He has worked with wind turbine OEMs and Project Developers/Owners on over 6GW of wind, solar and battery storage projects in various stages of the project lifecycle. Ben is a Mechanical Engineer with qualifications in project management.
The township of Kidston was developed on the west bank of the Copperfield River after the official discovery of gold in 1907, leading to a rich period in Kidston’s history, initially known as the Oaks Rush. The town grew significantly overnight, with many miners and prospectors flooding in from all parts of the north to try their luck. The field proved to be rich and over the next three years an estimated 622,000 grams of gold had been mined. By May 1908, there were 1400 people residing at Oaks Rush and an estimated 430,000g of gold had been won.
The Oaks Rush Goldfield continued mining up until 1945 when it shut its doors only to reopen again in 1979 when Kidston Gold Mines applied to the Queensland Government to start full production again. Mining continued from 1985 until it was permanently closed in 2001.
After being a mining community for a century, Kidston is undergoing a monumental transformation with a new lease on life. The two large disused pits that made up the old gold mine are being converted into a world-first pumped storage hydro project, utilising an abandoned gold mine. The Kidston Pumped Storage Hydro Project is the first of its kind to be developed in Australia in over 40 years, combined with multi-stage solar and wind renewable energy assets underpinning the Kidston Clean Energy Hub.
