- Clean tech company KALiNA Power (KPO) has secured a new site for a double plant project in Alberta, Canada
- The new site will host two 32-megawatt combine cycle power plants, generating 64 megawatts of power
- The company has received approval for a 30-year lease and has already commenced geotechnical work
- On the market this morning, KALiNA is up 2.13 per cent and is trading at 4.8 cents per share
KALiNA Power (KPO) has secured a new site for a double plant project in Alberta, Canada.
The company’s Crown Disposition for a 30-year lease has been approved by the Alberta Ministry of Environment and Parks (AEP), which will formalise the documents soon.
This will be the KALiNA’s primary site, where it will host two 32-megawatt combine cycle power plants for 64 megawatts of power.
With this new site secured, the company has control of three locations totalling a potential generating capacity of 128 megawatts.
AEP has also provided KALiNA with a temporary field approval allowing it to proceed with geotechnical work.
Under this approval, the company has commenced geotechnical work, such as road upgrades, site clearing, interim road access, bore-hole drilling and test pile
Managing Director Ross MacLachlan says this year company has been focusing on scaling up its operations in Alberta.
“Securing control over what is a considerably larger site that can accommodate a double-plant project is clear evidence of this,” he said.
“While securing this third site is a noteworthy milestone, our team in Canada has been successfully engaged with advancing all project development milestones such as our recent announcements regarding Enerflex and Siemens, along with the geotechnical work now underway on site,” he added.
On the market this morning, KALiNA is up 2.13 per cent and is trading at 4.8 cents per share at 10:48 pm AEDT.