Pumped hydro energy storage wins $610 million federal loan
The Northern Australia Infrastructure Facility (NAIF) has approved a loan of up to $610 million for Genex’s Kidston pumped hydro project in Queensland, 270 km north of Townsville. The Kidston Project is the first globally to utilise an abandoned mine and will be capable of producing 250MW of power for eight hours. NAIF CEO Laurie…
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