2017 - A KPO story, page-132

@nixon

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The way China is set up is that Kalina Power has 49% of the Chinese company. The other 51% is owned by 2 senior party members and State Owned companies. KPO has executive and board control. The Chinese subsidiary will be 100% self financing. The company is engaged with several Chinese funders to fund the subsidiary (think CITIC and others of similar ilk). KPO will pull money out of the company by way of a charge for services and royalties. It is aimed to list the subsidiary in China over time. It costs US$12 mil per 4 mw and this will be funded by third parties and in Sinopecs case it is anticipated that they will just draw a cheque. This Chinese subsidiary has the potential to be a major company. The Chinese are also interested in investing in Africa where they have a big presence.