Australia:

Wasabi Energy Receives Power Plant Boost (proactiveinvestors)

Wasabi Energy of Melbourne, Australia, said this morning it has received a second order for its lower temperature Kalina Cycle power plant via its partnership with engineering giant FLSmidth.

The AIM-listed group will receive a one-off licence fee based on the output of the 4.75 MW generator, which will run on recycled heat from Star Cement’s Ras Al Khaimah operation in the United Arab Emirates. It will be installed in the second quarter of next year.

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