Saddle Hills as we know from previous updates from KPO is up for sale.
One sticking point is that the AUC approval to construct and operate Saddle Hills was due to expire last year however KDP successfully gained an extension due to the regulatory changes, eg the CERs. That extension was due to expire on 30/4/2025 however a further extension was requested and AUC are due to hand down their decision this coming week.
Without a further extension the value of Saddle Hills to a buyer would drop significantly as they would need to go through the approvals process from scratch, although with a lot of the leg work already done.
It will be interesting to see how long the extension ends up being for, my hope is that the extension would be to 30/6/2028 or later as in their responses "Kalina estimates an in-service (ISD) date for the Saddle Hills power plant between April 2028 – June 2028"
KPO Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held
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