GenusPlus Group wins significant contract

GenusPlus Group (ASX:GNP) has been awarded a contract for Stage 1 of the North West Transmission Developments (NWTD) project in Tasmania. This project is part of a larger initiative to enhance Australia's renewable energy infrastructure. The initial phase of the contract is valued at approximately $42 million, covering engineering and design works. The total cost of Stage 1 is estimated at $950 million.

GenusPlus Group's pivotal role in energy transition

GenusPlus Group's acquisition of the NWTD project contract underscores its commitment to advancing renewable energy infrastructure in Australia. The project begins with an Early Contractor Involvement phase, valued at $42 million, focusing on initial planning and design. Construction is expected to start in 2026, pending necessary approvals, and aims to support Tasmania's integration into a low-carbon energy future. GenusPlus is dedicated to local employment and collaboration, enhancing community and economic benefits. The project aligns with national goals of increasing renewable energy reliance, positioning GenusPlus as a key player in the sector.

Executive commentary from GenusPlus Group

Genus Managing Director, David Riches, expressed enthusiasm about expanding GenusPlus' presence on the East Coast and contributing to Tasmania's energy infrastructure.