- Cleantech company KALiNA Power (KPO) has updated the market on its Waste Heat to Power projects currently being developed in Alberta, Canada
- Recently, the company purchased a 62-megawatt power plant, which continues to make progress and will be the first project built
- KALiNA is looking to secure site control at additional 64 megawatts locations
- On the market today, KALiNA is down 2 per cent and trading at 4.9 cents per share
KALiNA Power (KPO) has updated the market on its Waste Heat to Power projects currently being developed in Alberta, Canada.
Last month, the company's Canadian subsidiary, Kalina Distributed Power (KDP), purchased a new location that can accommodate two 32-megawatt combined cycle power plants.
Notably, this is KALiNA's primary site, where it intends to build its first two plants.
The cleantech company continues to make progress at the plant and is looking to secure site control at additional 64-megawatt locations. KDP has already submitted applications for three such sites.
Therefore, KDP has so far filed 320 megawatts in applications for potential power generation projects that are currently in development.
Managing Director Ross MacLachlan is pleased with the progress across all of KALiNA's Canadian assets.
"Particularly noteworthy is the efforts underway to secure site control at additional 64MW locations, that if successful will establish KALiNA as an
important power producer in Alberta and garner attention in international markets," he said.
"As we secure more sites and increase our profile, more third parties are coming to recognise the value and solid ESG characteristics of our zero-emissions, KALiNA Cycle waste heat to power technology. There is excellent momentum across the company now and we look forward to updating our progress in the near term," he added.
On the market today, KALiNA is down 2 per cent and trading at 4.9 cents per share at 11:00 am AEST.