earnings im- pact from the seasonal maintenances. Figure 1: IVL Quarterly Core EBITDA (LTM) The steady improvement seen in core earnings follows on from IVL’s strategy of prudent invest- ments in the higher
unit with heat rate of 7,400 BTU/kWh, where the operator will be able to build a new power plant to replace the existing one at the same location or to refurbish the existing power plant. However, if the