Genex has announced the Australian Energy Market Operator (AEMO) has completed its assessment of the Generator Performance Standards (GPS) for the Kidston Pumped Storage Hydro Project (K2-Hydro).
AEMO has issued its GPS approval for the project by providing a letter pursuant to clause 5.3.4A of the National Electricity Rules.
AEMO, transmission network provider Powerlink has determined that the project can operate in accordance with the required electricity standards of the National Electricity Market (NEM).
As a synchronous, scheduled generator, the project will provide grid strength and stability attributes to the NEM, particularly in North Queensland.
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The GPS approval is one of the most complex and significant milestones for K2-Hydro following a long and detailed submissions process with AEMO and also satisfies a key condition in Powerlink’s Offer to Connect, marking one of the final Project approvals required for financial close.
K2-Hydro will be the first pumped storage hydro project to be connected to the national electricity network in more than 30 years.
CEO of Genex James Harding said, “The GPS approval took a strong collaborative effort from all parties to agree the standards appropriate for this type of generator.
“I anticipate that future pumped hydro projects will benefit from the work required for Kidston,” Mr Harding said.
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