The Feasibility study for the large pumped hydro project has been concluded.
Highlights are as follows:
250MW generation capacity with 6 hours continous generation
1,500MW storage capacity
and more on the main announcement http://www.asx.com.au/asx/statistics...idsId=01799665

Management points out that the energy market in Australia is in an intense transition period to divest from fossil fuel generation to renewable generation and have received significant interest from funding and financing entities. The obviously want to get on board early.

All in all great news. I for one will top up today hopefully under 25c.