GenusPlus awarded contract to support Fortescue's decarbonisation strategy

GenusPlus Group Ltd (ASX:GNP) has secured a contract worth approximately $28 million to design, construct, and commission 33kV power distribution infrastructure at Fortescue's Eliwana and Flying Fish mine sites. The planned completion for this project is in the third quarter of 2025.

GenusPlus Managing Director, David Riches, on the awarded contract

Genus Managing Director, David Riches, expressed the company's pleasure in assisting Fortescue with the project, emphasizing Genus's commitment to supporting Fortescue's decarbonisation targets. He highlighted Genus's support for the initiatives for the decarbonisation of the Australian economy and its delight in being included in Fortescue's decarbonisation projects. Riches also mentioned Genus's commitment to providing excellent service through their capacity and expertise during this energy transition.

Summary of GenusPlus's contract and outlook

GenusPlus Group Ltd (ASX:GNP) has been awarded a significant contract to design and construct 33kV power distribution infrastructure at Fortescue's Eliwana and Flying Fish mine sites, with a contract value of approximately $28 million. The project is part of Fortescue's decarbonisation plan, aiming to achieve real zero terrestrial emissions by 2030. Genus's Managing Director, David Riches, expressed the company's commitment to supporting Fortescue's decarbonisation targets and its delight in being included in Fortescue's decarbonisation projects. The company aims to continue building on its successful relationship with Fortescue and is set to engage approximately 40 personnel for project delivery, with works estimated to conclude in the fourth quarter of 2025. Genus's expertise in power and communications infrastructure positions it well to contribute to the energy transition and support Fortescue's decarbonisation initiatives.