KALiNA Power Limited (ASX:KPO) Expands Land Portfolio in Alberta
Land Acquisition
KALiNA Power Limited has expanded its secured land portfolio by 157%, increasing from 305 to 785 acres in Alberta. The company secured two new sites in Crossfield and Clairmont, with options to purchase until the end of 2027 and 2028.
Project Capacity
The expanded portfolio comprises five projects with a total potential capacity of 1,700 MW of Power-CCS plants. Environmental studies have been completed at three locations and are planned for the remaining sites in 2025, with no adverse issues reported.
Sales Activity Benchmark
Recent sales of similar data centre co-located power plant sites, such as Captus Energy and Bitdeer Technologies, provide a benchmark for valuing KDP’s portfolio. Management expects the projects to be valued between C$100,000 – C$300,000 per MW.
Executive Comments
Executive Chairman Ross MacLachlan commented, “Our team has assembled an outstanding portfolio of sites perfectly suited to house large scale data centres co-sited with KDP’s gas fired Power-CCS plants. Given our strong track record and capability in site selection, we have been able to significantly expand our footprint in Alberta. This has largely been driven by demand for suitable sites for large scale data centres. Alberta has become a ‘go-to’ jurisdiction for this industry and KDP has secured excellent sites with an early mover advantage. We find ourselves in a commanding position.”
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