GenusPlus Lands $65M Western Power Upgrade Contract for FY2026
GenusPlus Group has secured a significant maintenance and upgrade contract with Western Power, expected to generate around $65 million in revenue for FY2026, reinforcing its role in Western Australia's electricity infrastructure.
- New $65 million order under existing five-year agreement
- Maintenance and upgrade works across Western Power’s SWIS network
- Services include pole replacements, reconductoring, and defect repairs
- Contract supports reliable electricity for over 2.3 million customers
- Extends long-standing partnership between GenusPlus and Western Power
A Major Win for GenusPlus
GenusPlus Group Ltd (ASX – GNP), a specialist in power and communications infrastructure, has been awarded a substantial order to deliver maintenance and upgrade works for Western Power’s South West Interconnecting System (SWIS) in Western Australia. This new order, issued under a five-year agreement signed in July 2024, is expected to generate approximately $65 million in revenue for the 2026 financial year.
The contract encompasses a broad range of essential services including pole replacements, reconductoring, cross arm and cross beam replacements, defect repairs, and line removal. These works are critical to maintaining the integrity and reliability of the SWIS, which serves over 2.3 million customers across a vast geographic area stretching from Kalbarri in the north to Kalgoorlie in the east and Albany in the south.
Strengthening a Long-Standing Partnership
This order extends the long-standing relationship between GenusPlus and Western Power, a state government-owned corporation responsible for the electricity network in the region. GenusPlus Managing Director David Riches expressed enthusiasm about deepening this partnership, highlighting the company’s commitment to supporting Western Power’s mission to provide strong and reliable electricity infrastructure.
Western Power’s Executive Manager Asset Operations, Zane Christmas, underscored the importance of industry collaboration in delivering the extensive maintenance and upgrade programs required to keep the network safe, reliable, and increasingly clean. The contract not only supports infrastructure resilience but also contributes to local business and employment in Western Australia.
Implications for the Energy Sector
GenusPlus’s role in maintaining and upgrading the SWIS network aligns with broader trends in Australia’s energy sector, where integrating new generation technologies and supporting a carbon-neutral economy are priorities. The company’s expertise in both power networks and communication infrastructure positions it well to meet evolving demands.
While the announcement provides clear revenue guidance for FY2026, details on margin expectations or the phasing of work remain undisclosed. Nonetheless, this contract reinforces GenusPlus’s market position and offers investors greater visibility into its future earnings potential.
Bottom Line?
This $65 million contract marks a pivotal step for GenusPlus, setting the stage for sustained growth amid Western Australia’s evolving energy landscape.
Questions in the middle?
- How will GenusPlus manage operational risks across such a geographically extensive network?
- What impact will this contract have on GenusPlus’s profit margins and cash flow in FY2026?
- Could this extended partnership lead to further opportunities in renewable energy infrastructure?
