FAR 2.91% 50.0¢ far limited

Ann: Arbitration Update, page-88

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  1. 5,719 Posts.
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    To suggest that it is WPL's fault that FAR have had to scramble for a different source of funding would mean FAR had negligently failed to plan for the possibility that JV finance would fall through.
    JV finance was always a chance of not happening - WPL are supposedly caustic towards FAR and can self fund their share. Arbitration also makes JV financing more complex.

    How exactly did WPL put the squeeze on FAR?

    FAR have had at least two months since the JV Finance deal appears to have fallen through.

    FAR have known for at least 12 months that FID and finance would be needed by the end of the 2019 and FAR have been 'working on a variety of funding options' for all of that time according to the quarterly's and presentations.

    Are you suggesting that FAR had no contingencies in place in case WPL pulled the pin on JV Finance and it fell through?

    Commonsense would indicate you would run a dual process of two different options in case the other fell through.

    We are witnessing a scramble.

    From memory a recent email to DB from FAR said that FAR chose a different path to JV finance as it was they had a better option. FAR made the choice according to that email.
 
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