JX Energy Ltd. Announces 9.6MW Natural Gas Power Project to Meet Alberta's Rising Electricity Demand
Reuters
Jul 25
JX <a href="https://laohu8.com/S/92E.AU">Energy Ltd</a>. Announces 9.6MW <a href="https://laohu8.com/S/NGS">Natural Gas</a> Power Project to Meet Alberta's Rising Electricity Demand
JX Energy Ltd. has announced the initiation of the engineering, procurement, and construction phase of its 9.6MW natural gas power project. The decision, approved by the Board of Directors, underscores the strategic importance of maintaining momentum and readiness for the project, even as applications for regulatory permits and approvals are still underway. To finance the development, the company plans to raise funds through equity financing, including issuing new shares. JX Energy Ltd. emphasizes that any fundraising arrangements will require further approval from the Board and The Stock Exchange of Hong Kong Limited. The company advises shareholders and potential investors to exercise caution when dealing in its securities.
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