National essential power and communications infrastructure provider Genus has welcomed confirmation that TasNetworks has achieved Final Investment Decision for Stage 1 of the North West Transmission Developments (NWTD) project in Tasmania.
The milestone marks a significant step forward for one of Tasmania’s most important energy infrastructure projects, designed to strengthen and modernise the state’s transmission network while supporting Australia’s broader energy transition.
Genus was awarded the contract for Stage 1 of NWTD in December 2024 and has since completed Early Contractor Involvement (ECI) works, commenced procurement of long-lead equipment and materials, and undertaken early mobilisation activities.
TasNetworks has now confirmed that a significant condition relating to the Construction Phase, being financial close, has been achieved.
The issuing of the formal Notice to Proceed remains subject to conditions including satisfaction of Tasmanian Planning Commission permit conditions and the resolution of permit proceedings before the Tasmanian Civil and Administrative Tribunal.
Genus currently expects the Construction Phase to commence in Q3 2026.
“This project is nationally significant infrastructure that will play an important role in strengthening network reliability and enabling the transition to a cleaner energy future,” said David Riches, Managing Director of Genus.
“This milestone reflects the strength of collaboration across all project partners and provides important momentum as the project progresses toward construction.”
The progress achieved on NWTD further reinforces Genus’ position as a trusted Tier 1 delivery partner of choice for complex energy infrastructure projects across Australia.
