GenusPlus Wins AU$140 Million Contract for Hunter-Central Coast Renewable Energy Zone Line Works; Shares Down 3%

MT Newswires Live
19 Dec 2024

GenusPlus Group (ASX:GNP) won a AU$140 million contract with government-appointed network operator Ausgrid for the Hunter-Central Coast Renewable Energy Zone sub-transmission line works, according to a Thursday filing with the Australian bourse.

Early services, valued at roughly AU$2 million, will be delivered from December this year to February 2026, the filing said. Construction works are expected to start in February 2026 and be completed in April 2028.

GenusPlus' shares were down almost 3% in recent Thursday trade.

Price (AUD): $2.40, Change: $-0.07, Percent Change: -2.83%

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