NAIF project update: Genex Kidston Pumped Storage Hydro

NAIF is proudly backing the construction of the Genex Kidston Pumped Storage Hydro project in Queensland, with a loan of up to $610 million.

NAIF is proudly backing the construction of the Genex Kidston Pumped Storage Hydro project in Queensland, with a loan of up to $610 million.

With construction underway, a team from NAIF including Chair Tracey Hayes visited the site to check progress.

The early funding commitment of NAIF to the Kidston project was critical in providing other parties the confidence to proceed with finalising the project. NAIF congratulates the Genex team on progress to date and look forward to working with them during the construction phase.

A company produced construction update can be viewed here.