Ona Power Inc. is a Canadian-based international energy company focused on the acquisition and development of power generation and oil & gas projects.
Power Plants
Ona Power's main focus is the construction and operation of its 120 MW as a first phase with an expansion to 390 MW in multiphase development of a environmentally friendly desulfurization power plant in Yongxing County, in the Hunan province of China. The plant is classified as a comprehensive utilization of waste-to-energy power plant that will consume up to 75% of coal tailings as its main fuel and will comply with the latest guidelines of achieving very low NOx, SO2 and particulate matter (fly-ash) emissions, producing clean coal energy.
The first 60 MW unit is now installed and generating electricity and revenue for the Company. The second unit is partially constructed and its completion is contingent on the Company securing additional project financing for which negotiations are still ongoing. The Company currently holds a 60% interest in this power plant.
In addition, Management continues to actively evaluate other power plant prospects for acquisition by the Company.