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Malcolm Johns: Genesis Energy CEO on the Government investing more money into the business
Published 2 months ago
Description
Genesis Energy says fresh Crown investment into the power generator will go towards building infrastructure.
The Government's confirmed it will put up to $200 million dollars - letting it retain its 51 percent shareholding, as Genesis launches a capital raise.
Chief executive Malcolm Johns says the money will speed up its ability to build.
"We're gonna build some solar farms, some grid-scale batteries and some wind, and extend the life of Huntly Rankines."
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