Brief: Polaris Infrastructure Announces Amended Pensa Power Purchase Agreement

Polaris Renewable Energy

17/12/2020 22:19

Dec 17 (Reuters) - Polaris Infrastructure Inc  PIF.TO :
    * POLARIS INFRASTRUCTURE ANNOUNCES AMENDED AND EXTENDED
PENSA
POWER PURCHASE AGREEMENT
    * POLARIS INFRASTRUCTURE INC - TERM OF PPA HAS BEEN EXTENDED
FOR
AN ADDITIONAL 10 YEARS TO JANUARY 2039
    * POLARIS INFRASTRUCTURE INC - A NON-INDEXED $110.00 USD PER
MWHR
PRICE VERSUS CURRENT $130.712 USD PER MWHR PRICE IN 2020
    * POLARIS INFRASTRUCTURE INC - AMENDED TERMS ARE TO TAKE
EFFECT
IMMEDIATELY
    * POLARIS INFRASTRUCTURE INC - PREVIOUS PRICE PENALTY CLAUSE
REQUIRING A MINIMUM POWER PRODUCTION DELIVERED HAS BEEN
ELIMINATED
    * POLARIS INFRASTRUCTURE INC - REITERATES ITS CONTINUED
COMMITMENT
TO ITS CURRENT DIVIDEND POLICY FOR FORESEEABLE FUTURE

Source text for Eikon:  ID:nCNWxBJJka 
Further company coverage:  PIF.TO 

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