Brief: Transalta Renewables Provides Update On Kent Hills Outage

TransAlta Renewables

11/01/2022 12:16

Jan 11 (Reuters) - TransAlta Renewables Inc  RNW.TO :
    * TRANSALTA RENEWABLES PROVIDES UPDATE ON KENT HILLS OUTAGE
    * TRANSALTA RENEWABLES INC - DETERMINED THAT ALL 50 TURBINE FOUNDATIONS AT
KENT
HILLS 1 AND 2 WIND SITES REQUIRE A FULL FOUNDATION REPLACEMENT
    * TRANSALTA RENEWABLES INC - NO INDICATION OF ANY FOUNDATION ISSUE AT KENT
HILLS 3
SITE OR COMPANY'S OTHER WIND SITES
    * TRANSALTA RENEWABLES INC - BASED ON INITIAL ESTIMATES, REPLACEMENT OF 50
FOUNDATIONS IS EXPECTED TO COST BETWEEN $75 MILLION AND $100 MILLION, IN
AGGREGATE
    * TRANSALTA RENEWABLES - CURRENTLY EXPECTS WIND FACILITY FOUNDATIONS TO BE
FULLY
REPLACED BY END OF 2023
    * TRANSALTA RENEWABLES- GAVE NOTICE TO BNY TRUST COMPANY OF CANADA, THAT
EVENTS OF
DEFAULT MAY HAVE OCCURRED UNDER TRUST INDENTURE GOVERNING BONDS TERMS

Source text for Eikon:  ID:nCNWNC5t5a 
Further company coverage:  RNW.TO