AUS
NZ
UK
CA
USA
IND
Highlights
- - GenusPlus Group (GNP) secures Stage 1 of Tasmania's North West Transmission Developments project.
- - The project is a part of the renewable energy expansion under Project Marinus.
- - Major upgrades to Tasmania's power infrastructure included in the contract.
GenusPlus Group (ASX:GNP), a leading provider of power and communications infrastructure, has been awarded a significant contract for Stage 1 of the North West Transmission Developments (NWTD) in Tasmania. This milestone is part of the larger "Project Marinus," a renewable energy initiative designed to enhance Tasmania's energy infrastructure and connect surplus renewable energy to the mainland.
Overview of Project Marinus
Project Marinus, first proposed in 2017, involves the construction of two high-voltage direct current underwater cables, known as the Marinus Link, to connect Tasmania and Victoria. With the anticipated expansion of wind farms and hydropower projects, Tasmania is poised to generate more renewable energy than it can locally consume. This excess energy will be transmitted to the mainland, but the existing Basslink interconnector lacks the capacity to handle the increased load.
TasNetworks, a state-owned entity managing Tasmania’s transmission and distribution networks, is overseeing the project. The initiative is backed by the Australian Government under the Rewiring the Nation plan, which provides critical funding to modernize the country's power infrastructure.
Key Role of GenusPlus Group
As the Head Contractor for NWTD Stage 1, GenusPlus Group will be responsible for pivotal upgrades to Tasmania's grid. The scope of work includes constructing dual-circuit 220kV transmission lines, upgrading substations in Burnie, Sheffield, and Palmerston, and establishing a new switching station at Heybridge.
The contract's Early Contractor Involvement (ECI) phase, valued at $42 million, focuses on engineering and design work. Procurement of materials will follow in separate agreements. This stage ensures the groundwork is laid for the project's success, with the construction phase slated to commence in 2026, pending necessary approvals. Completion is projected for 2029.
Transforming Tasmania's Energy Network
Project Marinus represents a transformative step for Tasmania's energy infrastructure. In addition to the Marinus Link, the initiative encompasses extensive upgrades to the state's transmission network. These enhancements will enable the effective transmission of surplus renewable energy, bolstering Tasmania’s position as a leader in clean energy production.
The total estimated cost for Stage 1 of NWTD stands at $950 million. GenusPlus Group is set to play a central role in advancing Tasmania's renewable energy ambitions, reflecting the project's significance in Australia's sustainable energy future.
