Genex Power Ltd (ASX:GNX), the developer of the 250-MW K2 pumped storage hydro project in Queensland, has kicked off an AUD-115-million (USD 87.4m/EUR 73.9m) equity fundraising, betting on a plan to achieve financial close without partners.
THE MARKET HERALD: Genex Power (ASX:GNX) raises $90M for Kidston
Genex Power (GNX) will soon have enough capital to begin construction on its flagship Kidston Pumped Storage Hydro Project in North Queensland.