GenusPlus Advances Toward NWTD Construction as TasNetworks Reaches Financial Close

GenusPlus Group Ltd. ( (AU:GNP) ) has provided an announcement.

GenusPlus Group says TasNetworks has achieved financial close for Stage 1 of the North West Transmission Developments project, a key step that allows the venture to progress toward construction. Genus has already completed early contractor works, begun procuring long-lead equipment and started early site mobilisation, with the construction phase expected to begin in the third quarter of 2026 once remaining regulatory approvals and planning conditions are satisfied.

The NWTD financing package includes a concessional loan of up to $1.2 billion from the Clean Energy Finance Corporation and equity from the Tasmanian Government, aimed at reducing pricing impacts for Tasmanian customers. Securing this funding and regulatory milestones strengthens Genus’s role as head contractor on one of Tasmania’s largest energy infrastructure projects, reinforcing its position in Australia’s transmission build-out while adding visibility over its future workload and revenue pipeline.

The most recent analyst rating on (AU:GNP) stock is a Buy with a A$10.50 price target. To see the full list of analyst forecasts on GenusPlus Group Ltd. stock, see the AU:GNP Stock Forecast page.

More about GenusPlus Group Ltd.

GenusPlus Group Ltd is an Australian specialist in power and communications infrastructure, designing, building and maintaining electrical transmission and distribution networks, substations and battery systems. The company also delivers integrated fixed and wireless communication network solutions, enabling customers to integrate new generation technology and support emerging networking solutions for a carbon-neutral economy.

Average Trading Volume: 342,203

Technical Sentiment Signal: Buy

Current Market Cap: A$1.72B

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