Kalina Power Limited (AU:KPO) has released an update.
KALiNA Power Limited has signed several Memorandums of Understanding (MOUs) with natural gas producers for the development of Alberta-based power plants with CO2 capture technology. These MOUs outline the commercial terms for future tolling agreements, which will allow producers to transform natural gas into electricity and CO2 sequestration credits, while taking on commodity price risks. The company’s recent moves have been bolstered by Canadian Federal Investment Tax Credit legislation, enhancing confidence among potential financiers.
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