Genus scores major works contract with Western Power, to earn $50M in first year

GenusPlus Group Ltd (ASX:GNP) has been awarded a five-year contract to deliver major upgrade and maintenance work for WA’s state government owned electricity provider Western Power, which will deliver the company a revenue of $50 million in its first year.

According to the arrangement, Genus will provide distribution and transmission overhead maintenance services across the SWIS (South West Interconnecting System) electricity network, spanning from northern towns like Kalbarri to Kalgoorlie in the east and Albany in the state’s south – a system relied upon by 2.3 million customers.

In the first year, the works will include pole replacements, reconductoring, cross arm and cross beam replacements, defect repairs, and line removal.

Genus Managing Director David Riches welcomed the opportunity to extend the company’s deep relationship with Western Power.

“We are delighted to extend our long relationship to help maintain strong and reliable electricity infrastructure for Western Power and its customers,” he said.

Western Power Executive Manager Asset Operations Zane Christmas said the work program would be fundamental to the company’s later plans for Western Australia.

“Western Power looks forward to continuing its strong working relationship with Genus,” he said.

“This work and additional capacity will help ensure the delivery of existing and future work programs.”

Genus has been trading at $1.95