Dec 20 (Reuters) - Genex Power Ltd (GNX) :
- SIGNS TERM SHEET WITH ENERGYAUSTRALIA FOR HYDRO ENERGY
- TERM SHEET PROVIDES FOR PROPOSED EQUITY INVESTMENT BY ENERGYAUSTRALIA INTO NEWLY CREATED SPV INCORPORATED TO CONSTRUCT, OWN , OPERATE PROJECT
- ENERGYAUSTRALIA CONDITIONALLY AGREED TO NEGOTIATE, EXECUTE LONG-TERM ENERGY STORAGE SERVICES AGREEMENT WITH CO FOR FULL DISPATCH FOR K2-HYDRO
Source text: http://bit.ly/2CoBiUC
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