Kalina Power Limited (AU:KPO) has released an update.
Kalina Power Limited heralds the enactment of Canada’s federal CO2 Capture, Utilization, and Storage Investment Tax Credit (CCUS ITC) legislation, expecting significant financial benefits for its Alberta-based natural gas power plants. With the potential for a cash-back refund exceeding 30% of gross capital expenses, the legislation promises substantial cost savings on CO2 capture-related expenditures until 2040. The company views this development as a pivotal advancement for their project’s commercial and financial viability.
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