Power Project Development is the primary business of KDP. The Kalina team has over 150 years of experience in power project development and has developed over 9 GW of state-of-the-art power projects. The team is developing a portfolio of projects which include:
Combined Cycle Power Plants with Carbon Capture and Sequestration (“CC-CCS”):
KDP is developing a portfolio of ~200 MW CC-CCS projects in which ~95% of CO2 generated are captured and sequestered in authorized deep aquifers. The Sites are strategically located near ample interconnection infrastructure, including proposed CO2 geological sequestration hubs, electrical grid connection, natural gas (“NG”) pipelines, and transportation infrastructure.
The growing need for reliable near-zero emissions baseload generation has positioned Power-CCS Projects in Alberta as a critical component of Canada’s net-zero pathway that is strongly incentivized through CO2 pricing, an established and stable Alberta CO2 credits market, and federal-level tax incentives.
The Power-CCS Projects will be the most competitive new near-zero emissions supply to meet the regulation-driven rising demand for decarbonized baseload power in Alberta.
Saddle Hills:
Fully permitted to construct & operate up to 64MW from two combined cycle power plants; each configured with 22 MW Siemens SGT-600 gas turbines and KALiNA Cycle® modules with 10MW Baker Hughes vapour turbines to generate zero-emissions power from the gas turbine’s waste heat.
Intend to initially deploy gas turbines in Simple Cycle Peaker mode and consider adding the KALiNA Cycle® and possibly carbon capture & sequestration as legislative and commercial circumstances warrant. A narrated video of the engineering ‘’walk-through” of Saddle Hills is available at https://youtu.be/ybbq8huPlCg.
PricewaterhouseCoopers Corporate Finance Inc. (“PwC CF”) has been engaged as the strategic advisor to the Company’s wholly owned Alberta based subsidiary, Kalina Distributed Power (‘KDP’) to fund KDP’s project development business plan and establish the mechanisms in which to raise debt and equity for its portfolio of projects.