Brief: Charisma Energy Services Update On Co's 13 Units Of Mini-Hydroelectric Power Plants In Sri Lanka

Khen Energy

07/04/2022 15:39

April 7 (Reuters) - Charisma Energy Services Ltd  CHAR.SI :
    * UPDATE ON CO'S 13 UNITS OF MINI-HYDROELECTRIC POWER PLANTS
IN
SRI LANKA
    * EXPECTS GROUP TO FACE SEVERE SLOWDOWN IN COLLECTION OF
RECEIVABLES FROM SALE OF ELECTRICITY IN SRILANKA
    * AS OF TODAY, MINI-HYDROELECTRIC POWER PLANTS IN SRILANKA
STILL
IN OPERATIONS & GENERATING ELECTRICITY TO GOVERNMENT OWNED CORP
    * EXPECTS DROP IN REVENUES FROM MARCH 2022 ONWARDS BECAUSE
OF
WEAKENING OF SRI LANKAN RUPEES
    * SEES  FURTHER INCREASE IN COSTS OF OPERATING
MINI-HYDROELECTRIC
POWER PLANTS IN SRI LANKA
    * WILL CONTINUE TO MONITOR SITUATION IN SRI LANKA AND ITS
IMPACT
TO GROUP

Source text for Eikon:  ID:nSN9fKGBc 
Further company coverage:  CHAR.SI 

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