What Do GenusPlus’s (ASX:GNP) Western Power and Fortescue Contracts Worth About $255 Million Include?

Sonal Goyal

21 October 2026 05:31 PM AEDT

What Do GenusPlus’s (ASX:GNP) Western Power and Fortescue Contracts Worth About $255 Million Include?

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Key highlights

GenusPlus secured Western Power and Fortescue contracts with an aggregate value of about $255 million, per a 14 October 2026 release.
Western Power works are scheduled progressively through to early 2029.
Fortescue works have planned completion in Q4 2027.

Genusplus Group Ltd (ASX:GNP) closed 21 October 2026 at $8.00, lower by 3.61%. Across the market, the S&P/ASX 200 Industrials [XNJ] index settled at 8,113.90, higher by 0.99% or 79.50 points, and the S&P/ASX 200 [XJO] at 8,831.30, higher by 0.16% or 14.40 points, at 4:25 pm GMT+11. GenusPlus is an Australian infrastructure construction, maintenance and service provider for power and utilities.

What GenusPlus does

GenusPlus Group Ltd provides infrastructure construction, maintenance and services for the power, utilities and resources sectors, including transmission, distribution and substation works in Western Australia and elsewhere.

Western Power contracts

In an ASX release dated 14 October 2026, Genus said it had been awarded Western Power contracts for the Clean Energy Link – East project, transmission and distribution maintenance packages and a customer connection package for Waddi Wind Farm. The CEL-E Project involves design and construction of a major augmentation to an existing 330kV terminal and is expected to complete in early 2029. The maintenance packages cover the South West Interconnected System through June 2027, and the Waddi connection package includes a new 132kV substation scheduled for April 2027.

Fortescue contracts

Genus was also awarded two contracts for design and construction of about 60 kilometres of power distribution infrastructure at Fortescue’s Christmas Creek and Solomon mine sites, with planned completion in the fourth quarter of 2027. The contracts relate to Fortescue’s decarbonisation of its Australian iron ore operations.

Sector context

Industrial companies span transport, infrastructure, engineering, services and manufacturing, and they are tracked through the S&P/ASX 200 Industrials index, which closed at 8,113.90, up 0.99%, on 21 October 2026 alongside a 0.16% rise in the S&P/ASX 200 to 8,831.30. Power infrastructure contractors benefit from transmission and renewable connection programs, which are awarded in packages and staged over years.

Risks and uncertainties

The announcement states revenue values but not margins. Delivery depends on schedules, labour and equipment availability and customer approvals, and the shares closed lower on the day. Contracts are scheduled across several years, and project delays can defer revenue.

Catalysts to watch

Items to watch include project mobilisation, further utility and resources awards and the company’s next results.

Closing perspective

GenusPlus’s 14 October 2026 announcement added contracts worth about $255 million with delivery through early 2029. Subsequent updates would cover execution.

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