Overview
Genus - in joint venture with ACCIONA - has been awarded a contract to deliver Transgrid’s HumeLink Transmission Project.
The total contract value is approximately $1.4 billion with part of the contract being based on a target cost.
HumeLink - which is subject to the Australian Energy Regulator’s approval - will be one of New South Wales’ largest energy infrastructure projects connecting Wagga Wagga, Bannaby and Maragle and includes new and upgraded infrastructure at four substation locations.
It is a project of national significance and will contribute to Australia meeting its future energy demands through a greater mix of low emission renewable energy sources as we transition to a low carbon future. HumeLink will deliver a cheaper, more reliable and more sustainable grid by increasing the capacity for renewable energy to be delivered across the national electricity market.
Further reading:
Transgrid Media Release
Genus ASX Announcement