Kalina Power (ASX:KPO) said its Canadian unit, Kalina Distributed Power, confirmed that its customer entered an agreement for the transmission and sale of assigned megawatts, according to a Wednesday filing with the Australian bourse.
Under the agreement, the unit has received a non-refundable deposit of CA$1 million and is eligible for an additional CA$17 million within 15 days, the filing said.
Shares of the company rose past 21% on close and earlier hit a 52-week high.
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