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GenusPlus Group Ltd (ASX:GNP)
ALERT: Price-sensitive ASX Announcement for GNP
Current share price for GNP : $9.400 3.57 (61.23%)+
Announcement
Release
15 Oct 2025 8:23AM
Price at Release
$5.830
Full Release
Summary
GenusPlus Group Ltd has been awarded three significant contracts by Fortescue as part of its decarbonisation efforts in Western Australia. These contracts, valued at approximately $60 million, involve the construction of 220kV transmission lines and approximately 30 kilometers of overhead power distribution infrastructure at Fortescue's Christmas Creek mine site, as well as the construction of fast charger and pit power facilities at Eliwana and Flying Fish. This initiative is part of Fortescue's plan to achieve Real Zero terrestrial emissions by 2030. GenusPlus aims to begin these projects in October 2025, with completion expected by the fourth quarter of 2026. The company emphasizes its ongoing commitment to supporting Fortescue's decarbonisation goals, strengthening their partnership.
Key Points
- GenusPlus awarded three contracts as part of Fortescue's decarbonisation plan.
- Contracts include construction of 220kV transmission lines and power distribution infrastructure.
- Projects are valued at approximately $60 million.
- Completion expected in the fourth quarter of 2026.
- GenusPlus continues to support Fortescue's goal of Real Zero emissions by 2030.
IMPORTANT NOTE: This information is autogenerated and has not been reviewed for accuracy or completeness. You should refer to the full announcement here for further information.
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