Thanks for keeping the news-flow alive. I've often thought, if this project were to fail, what kind of message that would send to any energy company considering FDI in the Philippines. And particularly while the country continues to experience a power supply/demand imbalance, with demand forecast only to increase. The market is valuing this company as if all current projects will fail, which it seems would be an over-exaggeration of the difficulties faced. Sure, the company is lacking in credibility given the ongoing delays and investor relations surrounding this, but it seems only a matter of time before the inflection point is reached.
With the substation build expected to be completed by mid-2022 and transmission line to be connected (pending land purchases), what other major risks/blockades exist?
I look forward to seeing an update in the soon-to-be-shared final annual report.
EWC Price at posting:
7.3¢ Sentiment: None Disclosure: Held
