The concern would obviously be what happens with ZENs contract with the CGY should it go bust, or put Dalgarana into care and maintenance.
Sure, it would be a take or pay contract, but pay with what?
Meanwhile, ZEN would be stuck with the capital costs of the plant.
All theoretical at the moment, but market seems to be positioning itself for a bad news announcement from GCY.
ZEN - Where have the buyers gone?, page-38
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