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Monday, March 18, 2019 11:51:55 PM
However, running an 80 MW power plant requires skilled operators, maintenance, capital investment for aging equipment, etc. The news feed did not indicate what type of power plant it was. If it's older, I'm assuming it was probably coal-fired? Regardless of the type, equipment upkeep and regulatory compliance is non-trivial (assuming it's going to be connected to the power grid to sell excess power). I have to believe that the generated power is going to cost more than $0.03 / KWH after factoring in all of those costs.
The other thing about this is the issuance of a LOT of shares to pay for the power plant. Going to be some dilution coming, I think....
In spite of that, though, it's definitely an interesting development, but I'll remain cautiously optimistic....
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