JX ENERGY: Development of a 4.7 MW natural gas power generation project approved, plans to raise funds through equity financing
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JX ENERGY reviewed short-term cash flow enhancement strategies at the board meeting, including hedging part of its natural gas production to improve cash flow stability in 2026. The company plans to develop a 4.7 megawatt natural gas power generation project, with an estimated cost of approximately CAD 3 million, and intends to raise funds through equity financing. The project will construct five generating units, which will be able to generate electricity independently and sell externally, enhancing the overall value of natural gas production
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