Genus Awarded Contract as part of the Parron Farm Project

Key points

• GenusPlus awarded Design and Construct Contract by Atmos Renewables
• Contract includes 330kV terminal, transmission lines, and ancillary works
• Total contract value approximately $135 million
• Works expected to be completed in 2028

Full summary

GenusPlus Group Ltd (ASX: GNP) has been awarded a Design and Construct contract by Atmos Renewables for the delivery of a 330kV Terminal, 330kV Transmission Lines Works, and associated ancillary works within the 330kV Parron Maam Marang Farm Substation. The contract, valued at approximately $135 million, is part of the 470MW Parron Maam Marang Farm Project located in Badgingarra, Western Australia. The project is supported by the Federal Government's Capacity Investment Scheme as the state transitions away from coal-fired power by 2030. GenusPlus has already performed preliminary works, including detailed design, procurement of long-lead items, and bulk earthworks. The work is scheduled for completion in 2028, subject to customary conditions precedent, including project financial close and the issuance of the Notice to Proceed.