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BRIEF-Genex Power Says Executes New MoU With J-Power For Pumped Storage Hydro Project

Published 22/11/2019, 09:47 am
Updated 22/11/2019, 09:49 am
© Reuters.  BRIEF-Genex Power Says Executes New MoU With J-Power For Pumped Storage Hydro Project

Nov 22 (Reuters) - Genex Power Ltd GNX.AX :

* EXECUTES NEW MEMORANDUM OF UNDERSTANDING WITH J-POWER FOR KIDSTON PUMPED STORAGE HYDRO PROJECT

* MOU TO NEGOTIATE TRANSACTION FOR KIDSTON PUMPED STORAGE HYDRO PROJECT FOR J-POWER TO ACQUIRE DIRECT OR INDIRECT EQUITY IN PROJECT

* WILL WORK TO CONCLUDE ARRANGEMENTS WITH J-POWER AS PART OF RESTRUCTURING OF K2-HYDRO TRANSACTION

* SIGNED NEW MEMORANDUM OF UNDERSTANDING WITH ELECTRIC POWER DEVELOPMENT CO LTD TRADING AS J- POWER

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