In making their announcement to the Australian Stock Exchange, Genex Managing Director Michael Addison said:
“The McConnell Dowell / Downer JV is a very strong partner to deliver the Kidston Pumped Storage Hydro Project. As a combined force, the JV has a complementary skill set and a strong track record of delivering hydro projects around the world, a strong balance sheet and proven project delivery capabilities, factors likely to materially contribute to the bankability and successful implementation of the project.”
The JV will now work with Genex in an early contractor involvement (ECI) process to complete final design optimisation for the Hydro project. Leading hydro and electrical consultants Norconsult and GHD Australia are technical advisers to the joint venture. The ECI process will include a competitive tender process to secure the electro-mechanical equipment package, with invitations to be extended to a number of tier 1 hydro turbine suppliers in November 2017.
Pictured signing off the ECI agreement are, from left, Ed Tenaglia - Downer ECM Pre-contracts Construction; Arran McGhie – Genex Power COO and Harry Hartman, Queensland State Manager for McConnell Dowell.