GenusPlus secures major Fortescue contracts

National power and communications infrastructure provider GenusPlus Group (ASX:GNP) has secured 2 contracts worth a combined $50 million as part of Fortescue’s (ASX:FMG) decarbonisation plant in Western Australia. 

Completion of the contracts is scheduled by mid-2025. Genus will engage with about 85 personnel to complete the project. 

GenusPlus, which has a $300.35 million market capitalisation, says the contracts are for construction of civil foundations and of a 220kV single circuit overhead transmission line between the power station at Fortescue’s Solomon and Eliwana Mine.

Genus will engage with circa 85 personnel to complete the project.

Fortescue is planning to develop green power generation, which consists of 2 to 3 gigawatt of renewable (wind and solar) energy generation and battery storage. 

GenusPlus Managing Director David Riches says having already worked on stage one and three of the Pilbara Transmission Project, the company welcomes the opportunity to further extend its ‘deep’ relationship with Fortescue. 

“Fortescue’s award of further contracts is testament to the capability of our team – and welcome recognition that Genus has the capacity and expertise to support the continuing energy transition. We look forward to completing the work safely and on time.”  

GenusPlus is a specialist power and communications infrastructure and services provider operating across Australia. 

Fortescue is an integrated green technology, energy, and metals company established in Western Australia with a focus on developing and acquiring technologies the world needs to step beyond fossil fuels.

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Images: Fortescue
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Written By Adam Drought
Born and raised in the UK, Adam is a sports fanatic with an interest in Rugby League and UFC/MMA. When not training in Muay Thai and Brazilian Jiu Jitsu, Adam attends Griffith University where he is completing his final year of a Communication & Journalism degree.