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News: TIP Teaminvest Private Group Updates On Coastal Energy

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    12/04/21
    11:15
    Post #: 52398641

    April 12 (Reuters) - Teaminvest Private Group Ltd (TIP) :

    • UPDATE ON COASTAL ENERGY
    • ENERGEX CORPORATION HAS SUSPENDED CO'S ACCREDITATION AS A RATED SERVICES PROVIDER
    • SUSPENSION DUE TO ENERGEX ALLEGING AREAS OF NON-COMPLIANCE WITH ITS TERMS AND CONDITIONS
    • AS A RESULT, MANAGEMENT OF COASTAL ENERGY UNDERTAKEN DECISION TO STAND DOWN WORKFORCE
    • COASTAL ENERGY IS PROHIBITED FROM UNDERTAKING ANY CONSTRUCTION OR RECTIFICATION WORKS ON ENERGEX NETWORK
    • TAKING ACTIVE STEPS TO ADDRESS ENERGEX'S CONCERNS
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