April 15 (Renewables Now) - Genex Power Ltd (ASX:GNX) said today it has signed a binding agreement to connect its 50-MW Jemalong solar project into the New South Wales’ power grid.
The contract with electricity distribution group Essential Energy enables the interconnection of the photovoltaic (PV) park into the National Electricity Market (NEM) through the state-owned company’s service network. The pact was signed by Genex’s subsidiary Jemalong Networks Pty Ltd and classifies the project as a committed generator.
To be located near Forbes, in the central-west region of New South Wales, the Jemalong solar park will be connected to an existing substation close to the site.
Genex, which bought the Jemalong project in last month, said it is on track to achieve financial close and complete the refinancing of its 50-MW Kidston Stage 1 (KS1) solar plant, currently in operation, by the middle of the year. It plans to start power generation at the Jemalong PV park in 2020.