This is a very interesting read - its their recent application. it shows just how much progress is occurring. Whilst we sit here on HotCopper chewing our nails about whether this is real or not, they are smashing through the various stages one has to do to get a $200M project up.
Of note it reveals the major supplier for the turbines for the Kalina cycle (Siemens were for the gas). Its Baker Hughes who are a german company who has merged with General Electric. So we have both majors integral to our project. The fact that they have split loyalty shows how much purchasing power they have to be bargaining down to industry heavy-weights for the best supplier deals. This project has the hallmarks of a major step change in this sector. Wasnt it the CEO of Enerflex who suggested that this waste heat capture could secure the future of the gas industry?!?!
Of course it takes time. You dont get an unsecured loan for $200M without a lot of documentation and proof. But now, we have a timeline corroborated through independant means in this AUC application documentation. As Surandy says, i think we can all feel pretty comfortable in our investment.
Once the broader market recognised it, i think we will be handsomely rewarded.
KPO Price at posting:
2.8¢ Sentiment: Hold Disclosure: Held
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