Genex Power (ASX:GNX) has announced an update on the construction of its 250MW/2,000MWh Kidston Pumped Storage Hydro Project (K2-Hydro).
The excavation of the underground powerhouse cavern, which will house two 125MW reversible Francis turbines, has been completed.
The excavation of the powerhouse cavern is expected to take nine months, followed by civil, mechanical and electrical fit out works.
Genex Power also has a portfolio of more than $1B of renewable energy generation and storage projects across Australia.