03/02/2021 - 11:00

GenusPlus secures $20m in WA work

03/02/2021 - 11:00

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ASX-listed power and telecommunications company GenusPlus Group has secured new construction work including on BHP's South Flank iron ore project.

GenusPlus secures $20m in WA work
The new GenusPlus contracts have a combined value of $20 million. Photo: GenusPlus Group

ASX-listed power and telecommunications company GenusPlus Group has secured new construction work including on BHP's South Flank iron ore project.

The contracts have a combined value of $20 million and build on $23 million in work announced by GenusPlus last month.

Its subsidiary, ECM, has been subcontracted by South Australia’s Ahrens Group to provide electrical, fire, and communications works for non-process infrastructure at BHP’s 85 per cent-owned South Flank project.

The new mine sits 130 kilometres north-west of Newman and is expected to produce 80 million tonnes of ore per annum from mid-year.

ECM has also been contracted to provide electrical and instrumentation works on the $696 million Kwinana Waste-to-Energy project under a subcontract with Spanish-owned ACCIONA and its Australian subsidiary John Beever.

The plant, to be operated by Avertas Energy, sits 40km south of Perth. It will be the first waste-to-energy plant in Western Australia, expected to process up to 400,000 tonnes of waste each year.

ECM, acquired by GenusPlus in December 2019, is expected to complete works under the contract by the end of the year.

GenusPlus managing director David Riches said it was pleasing to see ECM awarded the Kwinana project.

“It is a major milestone in the consolidation and repositioning of ECM and reinforces the Genus strategy of a broader offering in its key markets,” he said.

Belmont-based GenusPlus, which also owns Diamond Underground Services, Powerlines Plus, and Proton Power, listed on the ASX in December last year after raising nearly $33 million from its initial public offering.

GenusPlus was trading 6.4 per cent higher at 1pm AEDT to $1.08. 

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