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Kalina Power Limited ( (AU:KPO) ) has provided an announcement.
Kalina Power Limited announced a clarification regarding its framework agreement with Crusoe Energy Systems LLC, emphasizing that while a framework agreement has been executed, there is no obligation to enter into specific project development or power purchase agreements at this time. Additionally, the company provided detailed insights into the capital expenditure requirements for its Alberta Power-CCS projects, indicating an estimated cost of approximately CAD$1 billion per project before incentives. These projects benefit from substantial tax credits and grants, which significantly reduce the net capital expenditure. The announcement underscores the company’s commitment to advancing its CCS projects on time and budget, leveraging government incentives to support clean energy advancements.
More about Kalina Power Limited
Kalina Power Limited operates in the energy industry, focusing on developing power projects that incorporate carbon capture and storage (CCS) technologies. The company is involved in projects that aim to provide clean energy solutions and reduce carbon emissions, with a market focus on leveraging tax incentives and grants related to carbon capture initiatives.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €15.02M
Find detailed analytics on KPO stock on TipRanks’ Stock Analysis page.
