GenusPlus awarded Fortescue decarbonisation plan works

GenusPlus Group Ltd (ASX: $GNP) has been awarded two contracts worth approximately $50 million as part of Fortescue's decarbonisation plan in Western Australia. The contracts involve the construction of civil foundations and a 220 kV single circuit overhead transmission line to transmit power between Fortescue's Solomon Mine and Eliwana Mine. The works have commenced and are estimated to be completed by mid-2025.

Executive Commentary

We are delighted to secure these contracts, which continue to build on our long and successful relationship with Fortescue; and they will play an important role in driving Fortescue's decarbonisation plan in Western Australia. Fortescue's award of further contracts is testament to the capability of our team - and welcome recognition that Genus has the capacity and expertise to support the continuing energy transition. We look forward to completing the works safely and on time.

Summary

GenusPlus Group Ltd (ASX: $GNP) has been awarded two contracts as part of Fortescue's decarbonisation plan in Western Australia, with a combined value of approximately $50 million. The contracts involve the construction of civil foundations and a 220 kV single circuit overhead transmission line to transmit power between Fortescue's Solomon Mine and Eliwana Mine. The works have commenced and are estimated to be completed by mid-2025. Genus Managing Director David Riches expressed delight in securing the contracts and emphasized the importance of these contracts in driving Fortescue's decarbonisation plan. The company looks forward to completing the works safely and on time, further solidifying its relationship with Fortescue and supporting the energy transition.