More Info from KPO, page-391

Interesting coincidence ?

1. Kalina Power German project: (refer http://www.thinkgeoenergy.com/)
Location: Taufkirchen, Germany
Capacity: 4.3MW
Heat: combined geothermal heat
Project: Initially expected to start after July 2013 and complete in Fall 2014
Actually started in the beginning of 2014 and again expected to operate by the end of 2014
  ......then delays due to various reasons
Most recent update is: will start operations in the Summer of 2017 (July?)
  
So total time span is approximately 4 years.

2. Kalina Power Sinopec Hainan project:
Location: Sinopec Hainan Island, China
Capacity: 4MW
Heat: waste heat from the paraxylene (PX) process stream
EPC contract: signed date - 29/12/2012
   project start date - Feb 2013 (actually started)
   project completion date - June 2013 (not completed)
... then delays due to all sorts of reasons
Now: 85% mechanical done, can we complete in April/May 2017? (also around 4 years)

Again, technology and advantage are there, and Sinopec group alone has enormous opportunities there let alone other sectors (e.g. steel, cement etc.) in China. Time is really critical here (though we know it will be much faster after the first Kalina peoject) otherwise imo ORC may fill the vacancies very quickly as their contruction time seems much shorter from some already done projects in China? ( because then Wasabi and SSNE didn't deliver as scheduled by EPC contract, Sinopec Hainan plant then alternatively adopted ROC plan from a local company (Kaishan Group) to backup imo in order not to affect the larger Sinopec Hainan PetroChemical proejct. This ROC project was completed on 25/05/2014 and started generating power on 30/05/2015 and seemed welcomed by Sinopec. And from Kaishan Group's own estimate, Sinopec Hainan Plant will need four more such kind of clean power project). However, at this stage Sinopec still wants KPO to complete this existing Kalina project and keep paying as agreed in the later tri-party agreement. This imo means they still wait and see (maybe compare, e.g. cost, capacity, efficiency and construction time etc.) and then decide. Hence obviously chances and risks are both there at Sinopec Hainan plant at the moment, and it's showtime that KPO can deliver and the result is much better than ROC!

All imho. DYOR and GLTAH!