News: FAR FAR Says Debt Financing Not Proceeding As Expected, page-89

No doubt DB, I agree. From WPL's perspective, as operator, they spend the money up front then have to possibly "chase" a receivable being the other JV members share of that expenditure. If I was in WPL's position, and if I thought the other members can't really support their commitment to the government, then I would have the same strategy as you suggest (I think) WPL may have had all along. The question is in my mind, did the case in Paris hardened WPL's focus for maximum return in the long run for WPL shareholders. Imo, losing the case indicates to me that FAR were not organised to win such a case, or they were out of their depth if they thought they could wait to start doing some serious dealings until they got a good result in Paris. Interesting story imo.