+ 500 new construction jobs

Source: Renew Economy

Genex Energy marked a new major milestone on the Kidston Pumped Storage Hydro project (K2-Hydro) in North Queensland. The Northern Australia Infrastructure Facility (NAIF) has approved $610 million concessional loan for the delivery of the project, the largest investment made by NAIF. K2-Hydro is expected to have an operational life of 80 years and its construction is anticipated to support up to 510 jobs.