Australian renewable energy developer Genex Power Ltd. has named Andritz as its preferred equipment supplier for the 250-MW Kidston Stage 2 pumped-storage hydropower project, which is to be located in northern Queensland.
The selection, made via the McConnell Dowell/John Holland joint venture tasked with providing engineering, procurement and construction services for Genex, dictates Andritz assist in optimizing the plant’s design, and supply reversible Francis turbines and other electromechanical equipment.
The Kidston Stage 2 pumped storage plant (K2-Hydro) is one component of a complex that will also include a 270 MW solar facility (K2-Solar). Both were also recently awarded development approvals by the Etheridge Shire Council.
The New South Wales-based developer is still working to fund what was previously reported as being a US$257.6 million undertaking, though the Australian Renewable Energy Agency (ARENA) announced close to $3.8 million in financing in November.
“After several months of detailed market engagement, we are now in negotiations in regards to securing debt funding for our Kidston Stage 2 projects with a select group of partners,” Managing Director Michael Addison said, adding Genex expects financial closure at some point before the end of this year.
HydroWorld.com previously reported that power and water consulting firm Entura determined 250 MW would be the optimal capacity for the pumped storage component, following a technical feasibility study completed in November. Previous statements indicated Genex had mulled a capacity as high as 450 MW.
The project was declared to be a critical infrastructure project under Queensland’s State Development and Public Works Organisational Act of 1971 in June.
Genex adds new wind component
K2-Hydro and K2-Solar are additions to the Kidston Renewable Energy Hub, which also includes a 50 MW solar installation known as KS1.
Now, Genex says it has secured an “exclusive option” to develop a 150 MW wind farm to “provide inversely correlated generation which could enable the dispatch of firm clean renewable electricity 24 hours a day, 7 days a week.”
The company has signed binding agreements with local landholders and is now performing feasibility studies that are expected to take up to 18 months to complete.
“The proposed wind farm should give us diversity across three renewable energy sources at the one site, and would be a world first development of integrated solar, wind and pumped-storage hydro technology,” Addison said.