Brief: SIF Holding: Vineyard Wind Project Delayed

Sif Holding NV

21/08/2019 06:06

Aug 21 (Reuters) - SIF HOLDING NV  SIFG.AS :
    * REG-VINEYARD WIND PROJECT DELAYED
    * REQUIREMENT OF AN ADDITIONAL EIS BY BOEM IS NOW DELAYING
PROJECT
BEYOND TIMEFRAME INITIALLY ASSUMED BY VINEYARD WIND
    * ONCE CLARITY ON EXPECTED NEW SCHEDULE IS RECEIVED FROM
VINEYARD
WIND WITHIN NEXT FOUR TO SIX WEEKS IT WILL BE CLEAR IF THERE IS
A FINANCIAL IMPACT BEYOND PROVISIONS
    * SIF AND VINEYARD WIND ARE INVESTIGATING THE IMPACT AND
POSSIBLE
MITIGATION OF THE DELAYS CAUSED HEREBY. IT HOWEVER HAS BECOME
INEVITABLE THAT DELAYS WILL BE SUFFERED WHICH WILL IMPACT SIF’S
PRODUCTION PLANNING FOR 2020
    * SIF HAS ALLOWED FOR A DELAY OF A FEW MONTHS IN THEIR
PLANNING
AND INCLUDED DECISION MOMENTS ON PLANNING IN THEIR CONTRACT WITH
VINEYARD WIND

Source text for Eikon:  ID:nGNE4dct49 
Further company coverage:  SIFG.AS 

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