The Kidston pumped hydro scheme lacks an off-take partner. The financing players - NAIF, J-Power - have recommitted while Energy Australia is obdurate.
Perhaps IFN could be that partner in line with its stated strategy to grow its contracted asset position, build out the commercial customer base and firm more renewable generation.
While Kidston is in Far North Queensland, distant from IFN's main markets in SA and NSW, it is on the East Australian grid and volts are volts.
https://reneweconomy.com.au/j-power-recommits-to-kidston-pumped-hydro-plan-pending-new-off-take-deal-38904/
(This article is a week old)
Kidston may well be a Bridge Too Far, yet these generating and storage assets would be highly complimentary to IFN's existing kit. Capital Lite too.
Ash
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$1.13 |
Change
-0.025(2.17%) |
Mkt cap ! $152.0M |
Open | High | Low | Value | Volume |
$1.20 | $1.20 | $1.13 | $140.2K | 123.5K |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 20082 | $1.13 |
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Price($) | Vol. | No. |
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$1.20 | 54711 | 2 |
View Market Depth
No. | Vol. | Price($) |
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1 | 20082 | 1.125 |
1 | 28425 | 1.120 |
1 | 10000 | 1.110 |
3 | 102523 | 1.100 |
1 | 10000 | 1.080 |
Price($) | Vol. | No. |
---|---|---|
1.200 | 54711 | 2 |
1.210 | 21405 | 1 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
0.000 | 0 | 0 |
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