Australia's Kalina Power rises on receiving Crown lease in Alberta

Kalina Power

11/05/2021 04:34

** Shares of Kalina Power  KPO.AX  rise as much as 2.7% to
A$0.038, their biggest intraday pct gain since May 3
    ** Power generation services provider says co received Crown
Lease for 64 megawatt Primary Site from Government of Alberta
 urn:newsml:reuters.com:*:nASX4JDBT4
    ** Says site is located in the county of Saddle Hills,
Alberta, and has been named "KALiNA Energy Centre–Saddle Hills"
    ** Says the location is in an area of high electrical demand
and favourable grid interconnection capacity along with gas
supply
    ** Stock has fallen 2.6% this year, as of last close  

 (Reporting by Vasudha Kaukuntla in Bengaluru)
 ((Vasudha.Kaukuntla@thomsonreuters.com))