2019 will be a turning point for IFN?, page-77

The question is how much of current production is debt funded - and not cash flow positive at market rates without LGC's?

With $550m of debt, and $28m of cash flow on $120m of revenue...
They are averaging about what $137/MWh of revenue

By rough numbers - at $100/MWh they are losing money


The problem is not the cost of new kit - it's the debt funding of old kit