A joint venture between infrastructure provider GenusPlus Group and ACCIONA has been awarded a $1.4 billion contract to deliver a transmission project.
Transgrid has awarded a contract for its Humelink East project to the joint venture, of which Genus holds 25 per cent interest and Spanish multinational ACCIONA holds 75 per cent.
The proposed Humelink is a 500kV transmission line in New South Wales, connecting Wagga Wagga, Bannaby and Maragle.
The contract, which has a value of about $1.4 billion, covers works in design and construction of a 237-kilometre dual circuit transmission lines and a 500kV substation that would be delivered over three years.
Under the contract, GenusPlus will acquire and supply certain plant and equipment for the project at an estimated cost of $20 million over two years.
Genus and ACCIONA will contribute to the working capital requirements, according to their respective interests in the JV, a GenusPlus statement said.
GenusPlus Group Managing Director David Riches said the project would help to lead the transition to Australia’s clean future while reinforcing the company’s position on the east coast.
“We are delighted to have secured this contract with Transgrid alongside our joint venture partner ACCIONA,” he said.
“Together we will support Transgrid as Genus continues to grow our national footprint. This milestone award gives us great confidence that the market sees our capacity to deliver such a complex, significant project which will be critical in realising Australia’s clean energy ambitions.
“We very much value the relationship we have forged with Transgrid and look forward to building on this into the future.”
Contract works are expected to be completed in mid-2026.
In March, GenusPlus announced on the market that it was selected as the preferred proponent to deliver the Humelink project, in a joint venture with Acciona and Mumbai-based Kalpataru Power Transmission.
Kalpataru announced in August that it had exited from the JV arrangement but did not provide an explanation.
