The Directors of Wasabi Energy have announced that the company's Kalina Cycle licensee, FLSmidth has secured a contract to install its second Kalina Cycle power plant utilising waste heat from a major cement plant.
The new contract is for a 4.75 MWe Kalina Cycle power plant which will be installed by Q2 CY2013 at Star Cement's cement plant in Ras Al Khaimah, United Arab Emirates. ??Star Cement Co. LLC was acquired in 2010 by UltraTech Cement which is part of the Aditya Birla Group.
Wasabi Energy will receive a one-off license fee based on the gross power output of the Kalina Cycle plant.
Source: StockMarketWire.com
