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JX Energy Ltd. ( (HK:3395) ) has provided an update.
JX Energy Ltd. has announced the initiation of the engineering, procurement, and construction phase for its 9.6MW natural gas power plant project in Alberta. This move is strategic to maintain project momentum despite pending regulatory permits. The estimated cost for this phase is approximately C$5.84 million, with funding expected through equity financing, subject to further approvals. This project aims to address the rising electricity demand in Alberta, potentially enhancing the company’s market position.
More about JX Energy Ltd.
JX Energy Ltd. is a company incorporated under the laws of Alberta, focusing on the energy sector. It is involved in generating electricity, primarily through natural gas power projects, to meet both internal operations and external market demands.
Average Trading Volume: 7,707,127
Technical Sentiment Signal: Buy
Current Market Cap: HK$222.2M
See more data about 3395 stock on TipRanks’ Stock Analysis page.