June 30 (Reuters) - Genex Power Ltd (GNX) : ENTERED INTO A...

June 30 (Reuters) - Genex Power Ltd (GNX) :

• ENTERED INTO A SERIES OF AGREEMENTS WITH ELECTRIC POWER DEVELOPMENT CO., LTD AND ONE OF ITS SUBSIDIARIES,
• DEAL FOR TOTAL FUNDING PACKAGE OF A$44.5 MILLION
• FUNDS WILL BE APPLIED TO REPLENISHMENT OF CONTINGENCY FOR 250MW/2,000MWH KIDSTON PUMPED STORAGE HYDRO PROJECT
• ENTERED INTO A JOINT DEVELOPMENT AGREEMENT WITH J-POWER FOR BULLI CREEK SOLAR AND BATTERY PROJECT
• UNDER AGREEMENT J-POWER WILL EARN A 50% INTEREST IN BCP BY WAY OF PROVIDING UPFRONT ACQUISITION FUNDING OF A$2.5 MILLION
• ENTERED INTO A CORPORATE LOAN FACILITY AGREEMENT WITH J-POWER FOR A LOAN FACILITY OF A$35 MILLION
• J-POWER WILL PROVIDE FURTHER A$6 MILLION IN UPFRONT FUNDING FOR THIRD PARTY DEVELOPMENT COSTS