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BRIEF-Tilt Renewables Says Has Not Experienced Any Impact From Covid‐19 On Operational Asset Fleet, Generation Volume, Costs Or Revenue

Published 25/03/2020, 09:06 pm
© Reuters.
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March 25 (Reuters) - Tilt Renewables Ltd TLT.NZ :

* HAS NOT EXPERIENCED ANY IMPACT ATTRIBUTABLE TO COVID‐19 PANDEMIC ON OPERATIONAL ASSET FLEET, GENERATION VOLUME, COSTS OR REVENUE

* CO CURRENTLY HAS TWO LARGE SCALE CONSTRUCTION PROJECTS IN PROGRESS REPRESENTING NEARLY A$1B OF TOTAL INVESTMENT

* CERTAIN ROUTINE MAINTENANCE ACTIVITIES MAY WHERE REQUIRED BE DEFERRED

* MINOR DELAYS TO MANUFACTURING OF TURBINE COMPONENTS FOR WWF OBSERVED DUE TO MANUFACTURING SHUTDOWN IN CHINA DURING FEB, MAR

* CONSTRUCTION ACTIVITIES AT WWF NOT CONSIDERED ESSENTIAL SERVICE AND THEREFORE ON‐SITE ACTIVITIES WILL CEASE FOR AT LEAST FOUR WEEKS

* CONFIDENT THERE IS SUFFICIENT CONTINGENCY IN PROJECT SCHEDULE AND BUDGET TO ENSURE SHUTDOWN WILL NOT MATERIALLY AFFECT WWF PROJECT

* OFFTAKE AGREEMENTS FOR DDWF AND WWF PROJECTS ARE NOT EXPECTED TO BE AFFECTED

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