Genus Awarded Fortescue Decarbonisation Contracts
Key points
- Genus awarded three contracts for Fortescue's decarbonisation plan in Western Australia
- Contracts have a combined value of approximately $60 million
- Planned completion in fourth-quarter 2026
Full summary
GenusPlus Group Ltd (ASX: GNP) has been awarded three contracts for the construction of 220kV Transmission Lines, design and construction of approximately 30 kilometres of overhead power distribution infrastructure at Fortescue's Christmas Creek mine site, and the construction of fast charger and pit power facilities at Eliwana and Flying Fish. These contracts are part of Fortescue's decarbonisation plan to achieve Real Zero terrestrial emissions by 2030, which includes the development of green power generation. The contracts have a combined value of approximately $60 million, with peak onsite manning of around 80 personnel. The works are estimated to conclude in the fourth quarter of 2026. Genus Managing Director, David Riches, stated that Genus is committed to strengthening its longstanding and successful partnership with Fortescue as the company advances toward its decarbonisation goals.
Guidance
The contracts have a combined value of approximately $60 million, with planned completion in the fourth quarter of 2026.
Outlook
Genus is committed to strengthening its longstanding and successful partnership with Fortescue as the company advances toward its decarbonisation goals.
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