Ann: Half Yearly Report and Accounts, page-24

First,it is not 6 years of technical stagnation.The Chinese (Sinopec) almost killed the company.
Get the history right! Back when it was Wasabi, management was faced with a choice between going with geothermal in Turkey or being seduced by the opportunities of China.They did not have the funds to do both..In retrospect, they made the wrong and near fatal decision of building in China.Management had no control over the build. Corrupt partners simply ignored the license agreement and installed equipment which should have been approved by Kalina but instead was supplied by questionable sources.To be specific, the then management wanted a GE turbine and the Chinese chose a supplier that had never built a turbine of 20 per cent of the size required before..Meanwhile geothermal development in Turkey was the fastest on the planet.
To survive KPO had to extract themselves from the corrupt Chinese and refocus the company.That is when the current management team entered the
picture and completed the transition.They have learned from the past and understand fully KPO needs major partners.This type of partner must first be convinced that the business plan can work before they join forces.
This is where the hard yards are done.
We would argue that the past 3 years has seen massive progress but we still need new plants with associated designs to be installed and operate .KPO will need to demonstrate it has the very best vendors and builders to go to the next stage. We would expect to see those partners emerge along with the development of Saddle Hills.
Finally,it now takes on average 8 years from resource discovery to operation of a project.KPO is tracking well within this timeline.