"Perhaps with all this extra power demand cash costs will never be as low as those forecast. Something else to "come clean" about too."
I thought the issue was that supply was not continuous, which leads to plant and pump interruptions. Are they paying for grid supply that they are not receiving?
They may need some extra electricity for pumps but how much extra would that cost? The increase in cost would arise from hiring generator/s and buying diesel. I imagine that would be partly offset by the reduced consumption of grid electricity.
CJ tends to be a bit optimistic (no surprise) so I would not believe everything he says will happen the way the says they will.
hoosh - thanks, it looks like it will be borrowings initially instead of CR (unless there are more stuff ups along the way). This is pretty small amount. I wonder if there will be a hedge to go with that.
loki
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