Just announced. Unfortunately brain has already entered Christmas mode so not a 100% sure yet how positive this is.
https://www.asx.com.au/asxpdf/201812...508yq8mrly.pdf

GENEX SIGNS TERM SHEET WITH ENERGYAUSTRALIA FOR
LONG-TERM HYDRO ENERGY AGREEMENT AND EQUITY INVESTMENT
Genex Power Limited (ASX: GNX) (Genex or Company) is pleased to announce that it has entered into a non-binding term sheet (Term Sheet) with EnergyAustralia Pty Ltd (EnergyAustralia) in respect of a long-term energy storage services agreement and equity investment in the Company’s 250MW Kidston Pumped Storage Hydro Project (K2-Hydro or Project). Genex is also pleased to provide an update on the progress of the Kidston Stage 2 projects.